Relaxation may impact specific market segments

• The price of luxury apartments in Hong Kong Island and Kowloon dropped by 1.2% to 1.7% QoQ, while luxury apartments in the New Territories experienced the highest decline at 2.8%.
• Primary launches have not shown the expected benefits and land sales market remained weak.
• The luxury segment is witnessing distressed sales, while the more affordable luxury segment may see a boost from the influx of Mainland talents.