First Pacific Davies: Hong Kong residential leasing market remains stable in August, demand expected to continue rising in the third quarter.

According to the China Fortune Financial APP, the latest report from Cushman & Wakefield pointed out that the residential leasing market in Hong Kong continued to maintain a stable trend in August, mainly driven by the increasing demand from returning foreign tenants and relocation activities of existing tenants. Despite developers actively converting new completed projects into leasing inventory, high-quality supply in core locations remains tight, supporting rental resilience. With the approaching seasonal peak in leasing demand, the market is expected to further increase in the third quarter.