logo
Hong Kong's home prices slip towards nine-year low as Trump tariffs spook buyers

Hong Kong's home prices slip towards nine-year low as Trump tariffs spook buyers

Yahoo09-05-2025
Potential buyers seen during the launch of the Gold Coast Bay project in Tuen Mun in January 2025 (Photo: Elson Li/SCMP)
Hong Kong's lived-in home prices fell for a fourth straight month in March, dragging a key market indicator to the lowest level in more than eight years, as the threat of a global tariff war stoked economic uncertainty and sapped investment appetite.
Prices in the secondary market declined 0.49% in March, according to an index published by the Rating and Valuation Department on Monday, following a 0.56% setback in February. The index has retreated a cumulative 1.7% for the quarter to the level last seen in July 2016.
Since the city's housing market peaked in September 2021, prices of lived-in homes have slumped by 28.6% as social unrest and the Covid-19 pandemic sent the local economy into a recession. US President Donald Trump delivered his tariff blows on April 2, after threatening to do so since his inauguration in January.
Looking to invest in overseas properties? Explore projects available for sale around the world
'Potential buyers took a wait-and-see approach,' said Eddie Kwok, executive director, valuation and advisory services, at CBRE Hong Kong. Home prices were likely to dip further in the coming months, with the US and China still locked in worsening trade tensions, he added.
Meanwhile, rents in the city rose for the fourth straight month in March to the highest level since October, according to government data. Rents climbed 0.1% from a month earlier, and have risen by a cumulative 0.4% since the start of the year.
Buyers were putting off home-buying plans in favour of renting, Kwok said, given the heightened trade tensions and doubts about future global interest-rate cuts.
'Going forward, we see residential rents picking up as the city welcomes more immigrants, especially during the summer period with non-local students preparing for the next academic year,' he added.
See Also:
Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools
New Launch Condo & Landed Property in Singapore (COMPLETE list & updates)
CapitaLand Development's Orchard Heights sees 98% booking rate at launch in Vietnam
Prime Penang properties worth up to RM400 mil for sale
Thakral's Australian associate GemLife to develop A$428 mil lifestyle resort in Queensland
En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc
HDB Resale Flats Up For Sale, Affordable Units Available
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump administration recommends location verification for AI chips
Trump administration recommends location verification for AI chips

Yahoo

timean hour ago

  • Yahoo

Trump administration recommends location verification for AI chips

By Stephen Nellis SAN FRANCISCO (Reuters) -U.S. President Donald Trump's administration on Wednesday recommended implementing export controls that would verify the location of advanced artificial intelligence chips, a move that was applauded by U.S. lawmakers from both parties in both houses of Congress. The recommendation was part of a broader AI blueprint released on Wednesday that aimed to boost exports of AI hardware and software to U.S. allies and relax U.S. environmental rules to speed the construction of new AI data centers. But the plan released Wednesday also said the U.S. should continue denying access to advanced U.S. AI chips made by companies like Nvidia and AMD to foreign adversaries. It added the U.S. government should "explore leveraging new and existing location verification features on advanced AI compute to ensure that the chips are not in countries of concern." The recommendation drew support from two lawmakers who previously introduced bills that would require location verification of chips after sale over concerns that they are finding their way to countries such as China, where their export is banned. Key details - such as how the technology would be implemented and how much cost it would add - remain to be worked out, both in the proposed bills and the Trump administration's recommendations. "I was encouraged to see that the recommended export control policy includes location verification mechanisms and aligns closely with our bipartisan Chip Security Act. I look forward to learning more of the technical details and next steps for end-use verification," Representative Bill Foster, an Illinois Democrat who helped introduce a chip-location bill in May, told Reuters. "Senator Cotton was pleased to see verification included in President Trump's AI Action Plan, as it's a vital part of his bipartisan, bicameral Chip Security Act and an important tool to keep advanced American technology out of the hands of Communist China," said Patrick McCann, a spokesperson for Senator Tom Cotton, an Arkansas Republican who introduced a similar bill in the U.S. Senate.

Markets reel as U.S., EU reaches tariff deal
Markets reel as U.S., EU reaches tariff deal

Yahoo

timean hour ago

  • Yahoo

Markets reel as U.S., EU reaches tariff deal

Markets reel as U.S., EU reaches tariff deal originally appeared on TheStreet. Crypto markets pulled back on Wednesday as the U.S. and European Union inched closer to a deal that would impose a flat 15% tariff on European exports — part of President Donald Trump's latest push to renegotiate trade terms with key allies. Citing people familiar with the matter, the Financial Times reported that Brussels is prepared to accept the so-called reciprocal tariffs to avoid Trump's threatened 30% duties set to kick in on August 1. The compromise would effectively lock in the elevated levies EU exporters have faced since April, when the U.S. imposed a 10% hike on top of existing tariffs averaging 4.8%.Bitcoin (BTC) fell nearly 1.7% in the last 24 hours, trading just above $120,300 at the time of publishing. Ether (ETH) lost 1.4%, while Solana (SOL) dropped 2.1% The agreement — still being finalized — would reportedly lower tariffs on automobiles from 27.5% to 15% and waive duties on select goods such as aircraft, spirits, and medical devices. However, the EU is also keeping a €93 billion retaliatory tariff package on standby in case talks break down before the August deadline. A U.S. official told the FT the situation remains 'fluid and subject to change.' The trade tension adds to a jittery global market backdrop already contending with central bank policy shifts and slowing growth in China. With Trump's administration also announcing a similar 15% tariff pact with Japan last week, investors are watching to see whether this marks a broader reshaping of global trade norms — or simply the calm before another trade war storm. Markets reel as U.S., EU reaches tariff deal first appeared on TheStreet on Jul 23, 2025 This story was originally reported by TheStreet on Jul 23, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Trump administration recommends location verification for AI chips
Trump administration recommends location verification for AI chips

Yahoo

timean hour ago

  • Yahoo

Trump administration recommends location verification for AI chips

By Stephen Nellis SAN FRANCISCO (Reuters) -U.S. President Donald Trump's administration on Wednesday recommended implementing export controls that would verify the location of advanced artificial intelligence chips, a move that was applauded by U.S. lawmakers from both parties in both houses of Congress. The recommendation was part of a broader AI blueprint released on Wednesday that aimed to boost exports of AI hardware and software to U.S. allies and relax U.S. environmental rules to speed the construction of new AI data centers. But the plan released Wednesday also said the U.S. should continue denying access to advanced U.S. AI chips made by companies like Nvidia and AMD to foreign adversaries. It added the U.S. government should "explore leveraging new and existing location verification features on advanced AI compute to ensure that the chips are not in countries of concern." The recommendation drew support from two lawmakers who previously introduced bills that would require location verification of chips after sale over concerns that they are finding their way to countries such as China, where their export is banned. Key details - such as how the technology would be implemented and how much cost it would add - remain to be worked out, both in the proposed bills and the Trump administration's recommendations. "I was encouraged to see that the recommended export control policy includes location verification mechanisms and aligns closely with our bipartisan Chip Security Act. I look forward to learning more of the technical details and next steps for end-use verification," Representative Bill Foster, an Illinois Democrat who helped introduce a chip-location bill in May, told Reuters. "Senator Cotton was pleased to see verification included in President Trump's AI Action Plan, as it's a vital part of his bipartisan, bicameral Chip Security Act and an important tool to keep advanced American technology out of the hands of Communist China," said Patrick McCann, a spokesperson for Senator Tom Cotton, an Arkansas Republican who introduced a similar bill in the U.S. Senate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store