Hong Kong home prices extend rising streak in April

[HONG KONG] Private home prices in Hong Kong rose 0.9 per cent in April, up for the 11th month in a row, as the housing market continued to recover on improved sentiment and demand from mainland Chinese.

This followed a revised 1.8 per cent rise in the previous month, data from the Rating and Valuation Department showed on Wednesday (May 27).

Data from property agent Midland Realty earlier this month showed that the number of Hong Kong homes bought by mainland Chinese surged 48 per cent month on month, to a two-year high. This was supported by a strong yuan and a shift to purchasing from renting.

Mainland Chinese accounted for 27.5 per cent of total housing purchases in April, Midland said.

Brokerage analysts forecast gains of at least 10 per cent for the full year, citing a resilient stock market, strong demand from mainland Chinese buyers and lower inventory.

Residential prices in Hong Kong climbed 3.6 per cent in 2025, the first increase since a peak in 2021. Since then, they have tumbled nearly 30 per cent. REUTERS