Park Island, Ma Wan, Hong Kong

Price Graph for Park Island, Ma Wan, Hong Kong This chart shows prices for Park Island per square foot, from January 2010 to March 2012. As you can see, prices stopped rising for the last 9 months of 2011 (staying at around $5500 psf), and transaction volume fell during the last 6 months of 2011. See this comment on Hong Kong Property Prices I made last year for a more detailed explanation of what lead to the stablizing in prices and the decline in transaction volume in 2011. So far in 2012, it seems prices have started to pick up again, as well as transaction volume, although I am not sure yet if this is a short term effect due to the Anacapri launch or not. Let's see. I still think my predictions in the article referred to above will be correct.

Well as the end of the year approaches, lets see how Park Island fared in terms of property prices compared to the rest of Hong Kong.   Park Island Transactions 2011   The lower line on the graph shows the average performance of all Hong Kong properties over the 2011 year. As you can see Hong Kong prices rose around 10% in the first 4 months of 2011, and then stayed pretty much at the level for the rest of the year. Park Island prices (the upper line on the graph) rose continuously for the the first 6 months, up around 20%, and then remained at that level for the rest of the year. Transaction volume (the bottom bar graph) dropped noticeably over the last 6 months of the year both for Park Island and for Hong Kong generally. My predictions Hong Kong property prices in  2012. 1 - The Government will ease off a little on the measures that caused transaction volumes to become so low. Property agents are hurting, and so I expect property transaction volume will be 20-3...