Despite indications that Hong Kong’s residential property market may have reached a bottom and begun a recovery in August, data shows an uptick in financial losses for sellers. According to market sources, at least 100 secondary residential homes were sold at a loss in September, an increase from the 81 recorded in the previous month.

The local property market appears to have avoided immediate negative impacts following the US Federal Reserve’s interest rate decisions in September. Real estate agents are maintaining a positive outlook, projecting that home prices could finish the year approximately 15 percent higher than they were at the same time last year. However, this projected growth is not being felt uniformly across the market, as evidenced by the rising number of homeowners choosing to sell at a loss rather than wait for potential future appreciation. The discrepancy between the optimistic price forecasts and the reality of current transaction losses suggests that while the broader market may be bottoming out, individual sellers remain under significant pressure to exit their positions.