Predictions for the 2025 Real Estate Market in Hong Kong, Australia, and Malaysia
Experts have provided insights into the 2025 real estate market forecasts for Hong Kong, Australia, and Malaysia. In Hong Kong, CBRE’s findings highlight key areas of the residential property market. Eddie Kwok from CBRE Hong Kong predicts stable prices and volume growth in the primary market, while anticipating a price rebound in the secondary market. It is estimated that the overall transaction volume will reach close to 60,000 transactions in 2025.
John McGrath, CEO of McGrath Estate Agents, sheds light on the Australian property market’s future in 2025. McGrath notes a shift in the market as the national median value experienced a slight decline in December 2024 after 22 months of continuous growth. Despite this, McGrath believes that market conditions will cool off for a period, even with potential interest rate cuts. He suggests that significant rate reductions of 1 or 2 percent are needed to provide substantial relief for homeowners and buyers.
On the Malaysian front, local property consultants are optimistic about the market’s growth momentum in 2025. The country saw a successful year in 2024, with marked increases in transaction volume and value across all segments, especially in residential and industrial properties. This positive trend indicates a promising outlook for the Malaysian property market in the coming year.
Overall, the real estate market in these countries is poised for change and growth in 2025. Hong Kong’s residential sector is expected to see stability in prices and growth in transaction volume, while Australia may experience a cooling period despite potential interest rate cuts. Conversely, Malaysia is set for continued growth and momentum, following a successful year in 2024.
As the new year unfolds, these forecasts provide valuable insights for investors, homeowners, and industry professionals in navigating and understanding the evolving real estate landscape. The real estate market remains dynamic and responsive to various economic and market factors, making it essential to stay informed and adapt to changing conditions for success in the industry.