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<HK Home>JLL: 3 Major HK Developers to Regain Power as Main Source of New Projects
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Since the property market entered a downcycle from 2021, developers adjusted their development strategies in response to changes in market demand, while two major development trends have emerged, according to the “Hong Kong Residential Sales Market Monitor” released by Jones Lang LaSalle (JLL) today. Under the uncertainties in the economy and the property market, the number of Group A flats (with saleable area of about 431 square feet or below), which have a higher sales guarantee, surged over the past decade, accounting for about 44.5% of private residence completions last year, and will increase further this year. Meanwhile, small and medium-sized developers in mainland China and Hong Kong cut down on the absorption of land bank in the past 2 years, leading to the fact that 60% of the private residence completions in 2025/ 2026 will come from SHK PPT (00016.HK), CK ASSET (01113.HK) and HENDERSON LAND (00012.HK), a significant incline from less than 40% in 2023-2024. AAStocks Financial News |
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