Hong Kong/China Property Daily:Inside the Great Wall

HONG KONG

    Cushman & Wakefield DTZ expects property price in Hong Kong to increase by10% in 1H17

    Alva To Yu-hung, Greater China Vice President in Cushman & Wakefield DTZ,said that due to the ample reserve among banks in Hong Kong, the increase ininterest rate in the US might not lead to same increment in Hong Kong.Together with the healthy economic environment in the city, the propertyprices in Hong Kong could be supported in the next 3-5years. He also revisedhis forecast for property price in Hong Kong to +10% in 1H17, from 5-10%estimate before. (HKEJ)

    Average transaction value in secondary market up 7.7% in February

    According to data from the Land Registry, secondary residential transactionvolume increased by 0.6% MoM in February to 2,821units, while the totaltransaction value increased 8.4% MoM to HKD19.63bn. Due to an increase intransaction value for Hong Kong Island, the average transaction value hasincreased by 7.7% to HKD6.96m per unit. (HKET)