Hong Kong home prices largely flat in August
HONG KONG: Private home prices in Hong Kong were largely flat in August, stabilising after the first fall in 16 months in July, data from the Rating and Valuation Department showed on Monday.
Hong Kong's private home prices remained largely unchanged in August, according to data from the Rating and Valuation Department. The index saw a slight 0.06 percent increase compared to July's revised 0.8 percent decline, marking the first rise in 16 months. July's drop was the first since March 2025, following a 13 percent price gain earlier in the year.
Market momentum faltered due to a stock market correction and China's stricter controls on outbound investment. Property prices in Hong Kong, among the world's least affordable, have seen a 7.0 percent rise in the first seven months of the year. The city's property market has been buoyed by positive sentiment, strong stock markets, growing demand from mainland Chinese professionals, and reduced oversupply.
Last year, residential prices in Hong Kong recorded their first increase after a nearly 30 percent decline from their 2021 peak.
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