Hong Kong’s housing market set to stabilise by 2025, plus more updates

For PropertyGuru’s real estate news roundup, Hong Kong’s residential housing market is projected to stabilise by late 2025. In other news, Vietnam’s e-commerce boom is significantly boosting demand for logistics real estate. Lastly, bank lending growth in the Philippines eased slightly in October 2024.

Hong Kong housing market to reach equilibrium in late 2025
According to The World Property Journal, Hong Kong’s residential housing market is projected to stabilise by late 2025 as inventory levels align with demand. JLL’s Residential Market Monitor report highlights that the months of housing supply fell to 78.2 months in October 2024, down from a peak of 101.6 months. Developers are adopting strategies such as construction timeline adjustments to moderate supply. The Housing Bureau expects about 108,000 new units within three to four years, indicating a gradual recovery in balance.

Real estate demand for e-commerce and logistics rises in Vietnam
Vietnam’s e-commerce boom is significantly boosting demand for logistics real estate. According to Savills Vietnam, the supply of ready-built warehouses and factories nationwide has reached 15.1 million square metres, a 31 percent increase year-on-year. The Southern Economic Zone alone contributes 10.6 million square metres. With an 80 percent occupancy rate and average rents of USD4.60 per square metre per month, the sector is thriving. Government investments in infrastructure and skilled labour are also positioning Vietnam as a global logistics hub, as per a report in VietnamPlus.

Philippines’ Central Bank: Bank lending slows in October
Bank lending growth in the Philippines eased slightly in October 2024, with loans by universal and commercial banks growing 10.7 percent compared to 11 percent in September. PNA reports that outstanding loans reached PHP12.5 trillion, with production loans expanding by 9.1 percent. Consumer loans grew by 23.6 percent, driven by credit card and motor vehicle loans. The Bangko Sentral ng Pilipinas aims to maintain liquidity levels that are aligned with monetary policy to ensure economic stability.
The Property Report editors wrote this article. For more information, email: [email protected].