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.

The private home price index edged up 0.2 per cent in September, following a revised 0.03 per cent rise in August and a 1.0 per cent drop in July.

July's decline was the first since March 2025 and after prices gained around 13 per cent. The home market lost momentum due to a stock market correction and China's tighter curbs on outbound investment.

Knight Frank head of research & consultancy Esther Liu said China's curbs have not shrunk transaction volume significantly, and she expected prices to rise 8.0 per cent to 10 per cent for the full year supported by limited supply.

Prices have risen 7.1 per cent in the first nine months of this year.

Hong Kong's property market, one of the world's least affordable, has been supported by positive market sentiment, buoyant stock markets, firm demand from a growing number of mainland Chinese professionals and an easing oversupply.

Residential prices in the Asian financial hub posted their first increase last year after tumbling nearly 30 per cent from their peak in 2021.