Hong Kong home prices rise 0.2pct in September
HONG KONG: Private home prices in Hong Kong climbed 0.2 per cent in September from the previous month, the second consecutive rise, data from the Rating and Valuation Department showed on Wednesday.
Private home prices in Hong Kong increased by 0.2% in September, according to data from the Rating and Valuation Department. This marks the second consecutive month of growth, following a 0.03% rise in August and a 1.0% decline in July. July's drop was the first decline since March 2025, coming after prices had risen around 13% over the previous period.
The market's momentum waned due to a stock market correction and China's stricter regulations on outbound investment. Knight Frank's head of research & consultancy, Esther Liu, anticipates an 8.0% to 10% increase in prices for the full year, supported by limited supply. Prices have risen by 7.1% over the first nine months of the year.
Hong Kong's property market, among the world's least affordable, has been bolstered by positive market sentiment, robust stock markets, strong demand from mainland Chinese professionals, and a reduction in oversupply. Residential prices in Hong Kong reached their first increase last year after dropping nearly 30% from their peak in 2021.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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