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• Luxury residential market sees modest price growth and slowing transaction volumes in Q1/2010
• Transaction activity mainly driven by strong investment demand in the primary market, while transactions volumes in the secondary market slip as end-users turn cautious in the face of rising prices
• Scarcity of stock and redevelopment potential of townhouses continue to appeal to the local super rich and affluent buyers from around the region
• Townhouse prices rise by 15.5 per cent in Q1/2010 to reach record highs
• New measures to lift transaction costs will have some impact on the luxury market, but this may be temporary

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Contact Information
Peter Yuen
+852 2842 4436
pyuen@savills.com.hk

Simon Smith
+852 2842 4573
ssmith@savills.com.hk

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