Midland Realty: "Midland Property Price Index" rises by 0.7% weekly, expects the upward trend in Hong Kong property prices to continue.

The latest "Midland Price Index" is reported at 140.72 points, up 0.7% weekly, an increase of 1.49% compared to four weeks ago. Hong Kong property prices have risen by 4.46% so far in 2026, up 11.43% from the low point last year, and have surpassed the 140-point mark for the first time since early December 2023, reaching a new high of over 2 years. It is worth noting that the above property prices reflect the market conditions of the week when the budget was announced and the outbreak of the Middle East war. Midland Property analyst James Chan pointed out that new developments continue to sell well, the property market is hot, and the confidence index is at a high level, reflecting the optimism of most property owners about the future market. However, the ongoing tension in the Middle East inevitably has a psychological impact on the market, with a small number of property owners reducing prices and causing a slight decline in the confidence index at a high level. The latest "Midland Confidence Index", which reflects owners' listing attitudes, has dropped to 82.8 points weekly, a decrease of about 2.6%; however, the confidence index is still significantly higher than the average, and property prices still have upward momentum, with the upward trend expected to continue. When divided into 3 districts, property prices in the 3 districts have shown individual developments weekly. The latest "Midland New Territories Property Price Index" is 127.55 points, up 1.57% weekly; the latest "Midland Kowloon Property Price Index" is 147.49 points, also up 0.19% weekly; and the latest "Midland Hong Kong Island Property Price Index" is 147.92 points, down 0.5% weekly. Compared to four weeks ago, property prices in the 3 districts have all risen, with a 0.8%, 1.52%, and 1.7% increase in Hong Kong Island, Kowloon, and New Territories respectively. As for the changes in property prices so far this year, property prices in the 3 districts have all risen, with increases of 5.79%, 5.39%, and 3.26% in Hong Kong Island, Kowloon, and New Territories respectively. In terms of the rate of price reductions, according to the reduction rate reflected on the Midland Property website, among the 3 districts in Hong Kong, the New Territories has the highest rate of price reductions. If divided into smaller regions, the top three areas with the highest rate of price reductions are Tin Shui Wai, Tsuen Wan, and Kwun Tong. In terms of unit area, the units with the highest rate of price reductions are Class B units with a usable area ranging from approximately 431 to approximately 752 square feet; followed by Class D units with a usable area ranging from approximately 1076 to approximately 1721 square feet; and then by Class A units with a usable area of approximately 430 square feet or less.