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    • Natalie Tsui

      Chief Marketing Officer, Greater China T: +852 2846 7460 EAA Lic No E-426684

    • Angela Fung

      Senior Director, Public Relations T: +852 2846 7175

 

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News from Knight Frank Hong Kong

Knight Frank launches Prime Global Cities Index Q1 2020

25 May 2020

 

Results for Q1 2020:

 

·         Manila has the strongest rate of annual price growth of 15.3%.

 

·         Bangkok witnessing the deepest decline at -5% due to the impact of Covid-19

 

·         76% of cities recording flat or rising prices in the year to Q1 2020

 

·         73% rise in prime prices in Sydney since Q1 2008

 

·         Europe continues to be the strongest performing world region in the year to Q1 2020

 

Martin Wong, Associate Director, Research and Consultancy, Greater China, said the asking prices for Hong Kong luxury properties stayed largely flat, as most landlords are in a stable financial position. Looking ahead, Hong Kong luxury residential prices are unlikely to fall off the cliff, given the combination of strong holding power of owners and scarcity.