Hong Kong’s residential property market has shown signs of cooling, with prices edging down slightly after a sustained period of growth.

According to recent data, the city’s private home prices experienced a marginal decrease, bringing an end to a 25-month run of consecutive increases. This shift comes amid ongoing efforts by the Hong Kong government to stabilize the property market and address concerns about affordability.

Analysts suggest that the government’s measures, including increased stamp duties and tighter mortgage lending rules, have contributed to the cooling trend. These policies are designed to curb speculative activity and promote a more sustainable housing market.

While the decrease is relatively small, it is being closely watched as a potential indicator of a broader shift in the market. Some experts believe that further price adjustments may be on the horizon, while others remain cautious, citing the continued strong demand for housing in Hong Kong.

The government has reiterated its commitment to maintaining a stable and healthy property market, emphasizing the importance of providing affordable housing options for residents. Further policy adjustments may be considered if necessary to achieve this goal.