The Hong Kong property sector is in wait-and-see mode in the first quarter due to trade uncertainties, The Standard reported Tuesday, citing Cushman & Wakefield.

The realty company expects April transaction volumes to fall from March, according to the report.

2025 home prices are also seen to rise or fall 3% during the year, despite a 5% rally at the beginning of the year, the report said.

Stock market disturbances are also seen to impact home transactions, and smaller units are seen to be the most traded for the rest of 2025, according to The Standard, citing the realtor.

Grade-A or high-end office space rentals are also expected to fall by as much as 9% due to the wait-and-see attitude by renters, the report said.

Retail leasing has not made much of a dent in the market as expected, with a slight decline in rents in the Tsim Sha Tsui and Causeway Bay areas of Hong Kong slipping in the first quarter, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)