Hong Kong home prices rise for sixth consecutive month, setting stage for 2026 rebound
December gains seen easing after deadly fire dampens sentiment, but a more sustained rebound is forecast from mid-2026 on easing rates
The official home price index climbed to 297.3 in November, the highest level in 16 months and just shy of the 297.6 recorded in July last year, according to the Rating and Valuation Department.
Prices have gained 3.52 per cent so far this year, marking a clear improvement from 2024, when values continued to slide amid weak demand and tight financing conditions.
“As a result, December’s price increase is likely to narrow to around 0.5 per cent,” said Derek Chan, head of research at Ricacorp Properties. Chan said home prices were still on track to rise about 3.3 per cent for the full year, wiping out the downtrend of the previous three years.