Hong Kong Home Prices Dip by 1.6% in January 2024

29 Feb 2024 CW Team

The real estate landscape in Hong Kong experiences a 1.6% decrease in home prices during January 2024, signalling a noteworthy adjustment in market dynamics. This decline is indicative of evolving trends and factors influencing property values in the region.

The dip in home prices is attributed to various factors, including economic considerations, market demand, and regulatory changes. Hong Kong's real estate market, known for its volatility and sensitivity to external factors, continues to respond to the dynamic conditions that shape property values.

Market analysts are closely observing the implications of this decline and its potential impact on buyer-seller dynamics, investment strategies, and overall market sentiment. The 1.6% reduction in home prices serves as a barometer for the current state of the real estate sector in Hong Kong, prompting stakeholders to assess and adapt to the evolving conditions.

This development comes against the backdrop of broader economic trends and global uncertainties that influence real estate markets worldwide. The extent to which this decline persists or rebounds in the coming months will likely depend on a complex interplay of economic, social, and regulatory factors shaping Hong Kong's real estate landscape.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..