The average selling price in the first seven months of the year rose 8.4% while annualized primary transaction volume remained largely in line with that of 2014. So far in 2015 , Hong Kong ’s property market has experienced strong growth due to rising home prices and low interest rates ; however , a report published by Standard and Poor ’s ( ABS ) has detailed the credit rating agency ’s predictions of decreased demand within the market throughout the remainder of 2015 and 2016 . It is believed that a slump in demand will be the result of completed development projects increasing costs , although S&P expects that developers in the area will not be severely affected due to factors such as financial flexibility and good funding diversity .
So far in 2015 , Hong Kong ’s property market has experienced strong growth due to rising home prices and low interest rates ; however , a report published by Standard and Poor ’s ( ABS ) has detailed the credit rating agency ’s predictions of decreased demand within the market throughout the remainder of 2015 and 2016 . It is believed that a slump in demand will be the result of completed development projects increasing costs , although S&P expects that developers in the area will not be severely affected due to factors such as financial flexibility and good funding diversity .