Post-World War II Growth (1945-1952)

Hong Kong's population surged from 500,000 to 2 million by 1950, boosting the property market and shifting focus from renting to owning. The Korean War and trade embargoes on China negatively impacted the economy and real estate market.

Industrial Boom and Fluctuations (1953-1970)

The post-Korean War industrial boom attracted immigrants and investments. A housing boom from 1954 to 1957 ended in a slump due to oversupply, with another boom from 1959 to 1968 seeing significant developments like Mei Foo Sun Chuen.

Market Expansion and Crashes (1971-1984)

The property market grew until the 1973 crash due to the Middle East oil crisis. Recovery began in 1976, spurred by China’s open-door policy in 1979, but rising interest rates and political uncertainties later lowered prices.

Confidence and Market Expansion (1985-1997)

Confidence returned after the Sino-British Joint Declaration, leading to market growth from 1987 onwards, despite some setbacks.

Post-1997: Sensitivity and Regulation

Hong Kong’s property market remains highly sensitive to global and local changes, with significant impacts from events like the 2008 financial crisis, Mainland Chinese investment, local government measures, and epidemics such as SARS.