Hong Kong property market in May 2025: property prices hit bottom, first-time homebuyer policies fully relaxed

In May 2025, Hong Kong's housing prices continued to adjust, with an overall decline of about 30%, a nine-year low. In particular, the prices of small and medium-sized units fell significantly, and some areas in Kowloon and the New Territories experienced negative assets. The government and the Hong Kong Monetary Authority have gradually relaxed mortgage policies to improve the affordability of first-time home buyers, including relaxing mortgage ratios and reducing down payment ratios, bringing golden opportunities for first-time home buyers. The real estate industry generally predicts that the annual housing price fluctuation in 2025 will remain within the range of ±5%, and the property market may have gradually bottomed out. This stage of policy relaxation and price adjustments provides first-time home buyers with a better opportunity to enter the market, and the market atmosphere is more optimistic than in previous months.