Hong Kong Property: Hong Kong property market outlook is clear, full-year 2026 home prices expected to record double-digit gains

Hong Kong Property announced on October 26 the group's latest home-buying intention survey and property market analysis for the third quarter of 2026. Ma Tai-yeung, CEO of MIDLAND HOLDING and Hong Kong Property, said that benefiting from population growth and strong rental demand, together with the favorable Policy Address and Five-Year Plan, the outlook for Hong Kong's property market is clear, and home prices are expected to maintain double-digit gains for the full year. Benefiting from the Hong Kong government's active efforts to build the "Study in Hong Kong" brand and talent schemes, rigid rental demand has increased significantly. Wang Pin-di, Director of the Research Department at Hong Kong Property, said the survey showed that 86.8% of respondents were optimistic that rents would remain stable to upward over the next year, 41.8% expected home prices to remain stable, and another 32.9% expected gains. On interest rates, 40.1% of respondents expected Hong Kong interest rates to remain stable, reflecting that the market is well prepared psychologically for rate hikes. In addition, as many as 51.5% of respondents preferred newer estates aged under 10 years, topping the list for 22 consecutive quarters; and with the Five-Year Plan setting a target of 70,000 units for residential completions in the Northern Metropolis over the next five years, 23.2% of respondents said they would increase their intention to enter the Northern Metropolis market. Ma Tai-yeung pointed out that primary market transactions have remained brisk, driving the overall atmosphere. Although secondary market turnover has come under pressure in the short term due to new projects poaching buyers with low prices and strong holding power among owners, purchasing power is gradually returning to the secondary market as primary projects are successively handed over and sold out. He expects primary and secondary market transactions to rebound in tandem in the fourth quarter, with residential transaction volume rising by more than 10% quarter-on-quarter to over 16,000 deals.