appConfigEntityId

bodyType

customContents

entityId

entityUuid

isVideo

articlePageQuery

article

articleSchemaContent

content

hooksArticlePageAdvertisementConfigArticle

hooksArticlePageFloatingButtonConfigArticle

appConfig

filter

json

liveArticle

Peggy Sito

Hong Kong’s lived-in home prices rose for the 11th consecutive month to a 30-month high in April, even as the rate of growth slowed compared with March, while rents in the city rose to another record high.
Analysts said home prices in both primary and secondary markets would continue to improve this year and next, amid growing buyer confidence.
According to the Rating and Valuation Department’s data, the private lived-in home price index in the city rose to 316.6 in April, representing a 0.89 per cent rise month on month. The growth was smaller than the 1.4 per cent jump in March. Lived-in home prices have increased 10.51 per cent year on year.
Rents rose 0.59 per cent to an index of 203.4. They grew 4.9 per cent year on year.
“Strong momentum in the primary market is driving a wider recovery across the sector,” said Eddie Kwok, executive director for valuation and advisory services at international property consultancy firm CBRE’s Hong Kong office.
“Secondary home prices are also increasing as growing buyer confidence spreads across the residential market,” Kwok said.
In mid-sized flats, the price growth momentum was stronger. Prices for units sized between 753.5 sq ft (70 square metres) and 1,075.3 sq ft rose 10.36 per cent. Larger homes, sized 1,076 sq ft and above climbed more gently, up only around 0.25 per cent.
The first-hand residential market is exhibiting robust absorption rates. Sustained demand has shifted pricing power back to developers, as seen in recent price increases in new project launches, according to Kwok.

In the latest example, Sun Hung Kai Properties sold out all 87 units on offer at the Lime Spark project in Tsuen Wan in the New Territories on Saturday, with one buyer spending more than HK$40 million (US$5.1 million) to purchase six two-bedroom units, according to both Midland Realty and Centaline Property.
A steady inflow of capital continues to support the market. This ample liquidity was boosting overall economic activity and helping to fuel the current wave of optimism in the real estate sector, Kwok said in response to the government’s home price index rise.
“Supported by a combination of stable demand, improving sentiment and ample liquidity, we expect overall residential property prices to record an increase of around 8 to 10 per cent for the full year, with a steady and positive growth trend,” Kwok said.
The recovery in Hong Kong’s residential market triggered Morgan Stanley to upgrade its home price increase forecast this year from 10 to 12 per cent. The US investment bank also predicted another 5 per cent jump in Hong Kong home prices next year.
Moody’s said home prices had rebounded since mid 2025, supported by lower mortgage rates and demand from mainland Chinese buyers.
At the end of April, home prices had increased around 13 per cent from the end of 2024, though they are still 19 per cent below their peak in August 2021, according to Morgan Stanley.
Though sentiment is largely optimistic about the Hong Kong real estate market, one analyst said they would expect growth to slow later this year due to interest rate hikes.
“Overall, the housing market outlook remains positive,” said Norry Lee, a senior director at JLL, a global real estate and investment management firm.
“However, as interest rates may rise, a faster increase in rates may slow price growth in the second half of the year, with gains likely lower than in the first half. At the same time, supported by talent admission schemes, residential rents are expected to continue rising and reach record highs,” Lee said.


Hong Kong catching up with Dubai in ‘super-prime’ property sales amid Iran war

High office vacancy rates spur bid to rezone Kowloon East site for residential development

Hong Kong rises in property market transparency rankings, but trails Singapore and Japan

Amazon and Shorea Capital deals underscore foreign interest in commercial property

Hong Kong property

Hong Kong home prices reach 30-month high in April, while rents set another record

The skyline of Hong Kong viewed from Victoria Peak. Photo: Eugene Lee

A line of potential flat buyers at the International Commerce Centre in Kowloon on May 9 as Sun Hung Kai Properties launches 154 units at its Lime Spark project in Tsuen Wan. Photo: Eugene Lee

SHKP sells out latest flats in Tsuen Wan as Hong Kong property market continues recovery

Sun Hung Kai Properties sold all 87 units on offer at the Lime Spark project in Tsuen Wan on Saturday. Photo: Eugene Lee

Hong Kong residential property upturn drives recovery in office, retail: Morgan Stanley

A view of Admiralty and Central is seen through the glass windows of the Hong Kong Convention and Exhibition Centre in Wan Chai, April 14, 2026. Photo: Jelly Tse

Prospective buyers queue at the Lai Chi Kok sales office of Pavilia Farm III on April 18, 2026. Photo: Jelly Tse

A view of Sino Land’s La Mirabelle residential project. Photo: Jelly Tse

Hong Kong property upswing poised to hold despite interest rates risk: Moody’s

Home prices are expected to increase in 2026, according to Moody’s. Photo: Sam Tsang

Overall home sales climbed 16.7 per cent month on month in April, the highest in two years, according to official data. Photo: Eugene Lee

Hong Kong records 17% jump in investment led by machinery purchases, construction

Construction in the Kwu Tung area, where a world-class fencing hall and swimming pool are planned for the Northern Metropolis. Photo: Eugene Lee

Financial Secretary Paul Chan has said that companies brought in by the Office for Attracting Strategic Enterprises have contributed about HK$500 million in tax revenue. Photo: Karma Lo

Hong Kong, mainland China spur surge in Asia-Pacific commercial property deals

Deal volumes in Hong Kong remain modest in absolute terms, according to analysts. Photo: May Tse

People walk along the Huangpu River, with commercial buildings in the background, in Shanghai on April 9. Photo: AFP

Business

Property

Hong Kong & China

Companies

Analysts expect home prices in both primary, secondary markets to continue increasing this year as the city’s real estate recovers


Analysts expect home prices in both primary, secondary markets to continue increasing this year as the city’s real estate recovers.


Hong Kong home prices reach 30-month high in April, while rents set another record

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Analysts expect home prices in both primary, secondary markets to continue increasing this year as the city’s real estate recovers

Analysts expect home prices in both primary, secondary markets to continue increasing this year as the city’s real estate recovers