Overview
- The official private-home price index rose about 3.25–3.3% in 2025, the first yearly increase since 2021 after a near-30% drop from the peak.
- Prices edged up 0.2% in December, marking a seventh straight monthly gain after a revised 1.1% rise in November.
- The Hong Kong Monetary Authority cut its base rate three times in 2025, and major banks lowered lending costs in line with U.S. easing.
- Mainland investors spent a record HK$138 billion on homes last year, about one fifth of purchases, according to Midland Realty.
- Forecasts for 2026 point to further gains, with CBRE expecting 3–5% and Morgan Stanley around 10%, dependent on the pace of rate cuts and broader market forces.