Hong Kong Property Prices Forecast to Climb 15% as Buyers Return
New project launches and stabilising interest rate expectations are driving a recovery in the world's costliest residential market after months of subdued activity.
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New project launches and stabilising interest rate expectations are driving a recovery in the world's costliest residential market after months of subdued activity.

Residential construction dropped 2 percent in June while overall project values climbed 22 percent, reflecting a shift toward commercial and infrastructure work amid high vacancy rates.

The Philippines' largest mall operator is holding back new projects for the rest of 2026, choosing to clear a P200.4 billion inventory backlog as demand softens.

The Visayas-Mindanao developer will deploy fresh inventory worth ₱25 billion in Cebu, Mactan, Ormoc, Butuan, Davao, and Panglao by year-end, targeting a second-half sales push despite flat first-half revenues.

The first residential project in Singapore's Turf City precinct sold 56 percent of its inventory, with three-bedroom apartments fully subscribed within two days

Approved construction projects dropped to 15,436 in May while total value slipped 1.2% to ₱47.05 billion, with residential permits down 16% year-on-year