The Zhitong Finance App learned that the Hong Kong Rating and Property Valuation Department announced today that the private residential price index for July 2026 recorded a month-on-month decline of 321.5, the first month-on-month decline since March last year. Combining private housing price performance in the first 7 months of this year, the cumulative increase was 7.3%; the private residential rent index closed at 207.4 in May, up 0.8% month-on-month.
Zeng Baomin, director of Colliers Hong Kong Valuation and Advisory Services, said, “According to the latest data from the Hong Kong Rating and Property Valuation Department, the private residential rent index continues to rise and reach new highs, reflecting steady demand for residential rental. In contrast, property prices are still in the consolidation stage, and the market is more cautious about the future market, but the continued rise in rents is gradually improving the return on residential investment, bringing some support to the property market. As rents have risen, some tenants have begun to reconsider “rent-to-buy”, and investors' attention to residential assets has also increased. We expect property prices to continue to fluctuate in a narrow range in the coming months, but with the support of factors such as a stable job market, falling capital costs, and the influx of talent and increased demand for student accommodation, residential rents are expected to maintain an upward trend. The market will continue to show a pattern of “strong rents and stable prices”, and it is expected that property prices will record a moderate 8-10% increase throughout the year.”
Liang Zhenfeng, senior director of Colliers Project Development and Planning, continued: “Driven by the improvement of the interest rate environment and development potential, the market atmosphere has clearly become more active in the past two weeks. Several new listings have recorded ideal sales, reflecting an increase in buyers' confidence in the future market. Although property price trends still need to depend on the overall economic environment and market supply, projects with transportation support and development concept support are expected to benefit more from the value increase brought about by regional development. However, while there is still a certain supply of new listings in the market, developers are expected to maintain a prudent and competitive pricing strategy to keep close to market acceptance and maintain sales momentum. For projects with regional development concepts and transportation advantages, if the sales response is ideal, there may be some room for price increases when launching subsequent units in the future.”