Investment sentiment expected to pick up as market digests rate hike signals
The continued interest rate hike has lengthened investors’ decision-making process, resulting in a drop of 16% QoQ and 49% YoY in investment deals. Looking ahead, transaction volume is expected to increase by 15% YoY in 2022, barring any further headwinds as travel restrictions lift and rate hike signals are digested.
- A decrease of 16% QoQ and 49% YoY in the total number of transactions in Q3 2022
- Total transaction volume increased by 133% QoQ to HK$41.1 billion, which is underpinned by big-ticket sales
- Mainland Chinese buyers only accounted for 2% in Q3 as border remained closed