ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jul 26, 2018 11:20 JST
Source:
Citibank
Citi Hong Kong Releases Results of Second Quarter 2018 Residential Property Ownership Survey
Expectations for housing prices to rise over the next 12 Months hit record high
HONG KONG, Jul 26, 2018 - (Media OutReach) - Citi Hong Kong announced today the results of the latest Hong Kong Residential Property Ownership Survey. The bank commissioned The University of Hong Kong Social Sciences Research Centre to conduct a telephone survey, interviewing over 500 Hong Kong respondents selected by random digital dialing in June of 2018.
Record Number of Respondents Expected Housing Prices to Rise over the Next 12 Months
According to the latest survey, the percentage of respondents who expected Hong Kong housing prices to rise over the next 12 months trended upward between the third quarter of 2017 and the second quarter of 2018, rising to 69% (see Table 1), the highest since the survey was introduced. The percentage of respondents who expected housing prices to drop over the next 12 months fell to 9%, the same levels as the first quarter of 2017.
Table 1:
https://bit.ly/2Ojvb7J
The Desire to Buy a Home Consistent with the Last Quarter
In terms of the desire to buy a home, 19% of respondents expressed considerable interest in purchasing a residential property in the second quarter of 2018 (see Table 2). The percentage is consistent with the previous two quarters.
Table 2:
https://bit.ly/2v4FyUc
Respondents Who Felt It Was Not a Good Time to Buy a Home on the Rise Again
The survey also found that the number of respondents who felt that it was not a good time to purchase a home, increased from 69% in the first quarter of 2018 to 73% in the second quarter (see Table 3). By contrast, the number of respondents who felt that it was a good time to buy remained steady at a low 3%.
Table 3:
https://bit.ly/2mIjbjG
The Desire to Buy Increased Among Respondents Aged 30 to 44
With housing prices at a high, the desire to buy a home dropped among all age groups over the last two quarters, with the exception of the respondents aged 30 to 44. Their desire to buy a home rose slightly, by 2% per quarter since the fourth quarter of 2017, to 23% in the second quarter of 2018. However, 66% felt that it was a bad time to buy a home, a 3% increase since the first quarter of 2018.
Since 2010, Citibank has commissioned the HKU Social Sciences Research Centre to conduct a quarterly survey on the housing market to assess the current state of homeownership in Hong Kong, and to gauge public opinion on the subject of homeownership and public expectations in terms of future housing price trends. Data from the random-digital-dialing telephone survey is collected at the end of each quarter, with over 500 respondents on average interviewed in each quarter.
Source: Citi Hong Kong Residential Property Ownership Survey Q2 2018
Media Enquiries
Citi Hong Kong
Elaine Wong / Belinda Chung
Telephone: 2868-7762 / 2962-3218
Email:
elaine.yi.li.wong@citi.com
/
belinda.chung@citi.com
Source: Citibank
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
More Latest Release >>
Related Release
Citi Hong Kong hosted its annual dinner for Citi Alumni and Quarter Century Club members
September 03 2018 12:00 JST
Citi Promotes Lawrence Lam to Lead Consumer Banking in Hong Kong
August 31 2018 11:50 JST
Citi Hong Kong Announces Senior Appointments in Consumer Banking
August 28 2018 12:50 JST
Citi Adds Three New API Partners in Hong Kong
July 30 2018 10:20 JST
Citi Celebrates 2018 Global Community Day in Hong Kong Together With Tens of Thousands of Citi Volunteers Across 450 Cities Around the World
June 11 2018 11:00 JST
Exclusive KMB & LWB Bus Fare Rebate for Citi Octopus Platinum Cardholders Raised to 15%
June 08 2018 11:00 JST
Citi Announces Six Open API Partnerships in Hong Kong
May 08 2018 18:15 JST
Citi Launches Pay with Points on HKTVmall
April 03 2018 11:25 JST
Citi Hong Kong Promotes FinTech development by Hosting Open API Information Day
April 02 2018 17:20 JST
Citi Hong Kong named "Digital Bank of the Year" by the Asset Magazine
February 15 2018 14:00 JST
More Press release >>