More banks catch on to Hong Kong’s housing rebound, upgrade market forecast
JPMorgan and Goldman Sachs join Morgan Stanley in lifting their market outlook to double digits, as price gains outpace previous expectations
With fresh data bolstering signs of a recovery, other banks have also lifted their 2026 estimates.
According to a research paper published on Sunday, JPMorgan raised its 2026 home price growth forecast to between 10 per cent and 15 per cent, up from its previous 5 per cent to 7 per cent estimate, citing faster price acceleration and a shift in the property cycle.
The bank cited a sustained stock market and strong demand from both mainland Chinese and local buyers among seven factors supporting its view that the sector has entered an expansion phase.
“We believe a strong stock market will continue to push up Hong Kong home prices,” said Karl Chan, head of Hong Kong property research at JPMorgan.