# Hong Kong property market trends

> Live situation record from CLSTR: https://clstr.news/situations/hong-kong-property-market-trends
> Updated: 2026-09-21T04:02:28.000Z. Sources: 7. Developments: 2.

The Hong Kong property market has experienced a period of volatility characterized by diverging trends between residential and commercial sectors. In July 2026, the private residential home price index fell by approximately 0.46 per cent, ending a thirteen-month growth streak. While residential prices remained significantly below the September 2021 peak, the rental sector showed strength, reaching a record high in July.

By late September 2026, the market outlook became increasingly split due to rising interest rates. Following the Hong Kong Monetary Authority’s decision to raise the Base Rate to 4.25%, residential prices were forecasted to rise between 8% and 10% for the year, supported by rental growth and talent inflows. However, the commercial property sector faced significant pressure from office oversupply and weak rents, leading to concerns regarding collateral value erosion and credit impairment charges for the banking sector.

## Timeline

### 2026-09-21: Hong Kong property market shows split outlook amid rate hikes

Hong Kong residential property prices are forecast to rise 8% to 10% despite rate hikes, while banks face continued credit impairment charges due to declining commercial property values.

2 sources. https://clstr.news/cluster/hong-kong-property-market-shows-split-outlook-amid-rate-hikes

### 2026-08-25: Hong Kong residential property prices end thirteen-month growth streak

Hong Kong's residential property price growth has halted after thirteen months, while luxury home owners face significant losses on high-end sales despite rising rental values.

5 sources. https://clstr.news/cluster/hong-kong-residential-property-prices-end-thirteen-month-growth-streak

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Cite as: Hong Kong property market trends. CLSTR, https://clstr.news/situations/hong-kong-property-market-trends