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 Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..