Hong Kong’s private home prices soft in July, first decline in 16 months
The slight dip follows June’s revised monthly gain of 0.2%
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[HONG KONG] Private home prices in Hong Kong eased 0.5 per cent in July, the first decline since March 2025, data from the Rating and Valuation Department showed on Thursday (Aug 27).
The fall followed June’s revised monthly gain of 0.2 per cent. Prices have risen 7.3 per cent in the first seven months of the year and 12.8 per cent since the last trough in March 2025.
Realtors expected a short-term consolidation after the long rising streak, as buying demand faced the combined headwinds of a stock-market correction and China’s tighter curbs on outbound investment.
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 since they peaked in 2021. REUTERS
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