House prices rise, rent rises, Hong Kong property market opens up a mid-term bull market.

The commercial property agency Americo Commercial Properties points out that the student dormitory market in Hong Kong is facing a serious supply-demand imbalance. On the demand side, it is expected that by the 2026/27 academic year, the quota for non-local students will increase to 50%, with an estimated 80,000 international students. By 2028, the number of non-local students is expected to have a potential increase of about 17,000. As for the shortage of supply, data shows that in the 2022/23 academic year, the total number of higher education students in Hong Kong was 253,000, but public dormitories only provide 40,600 beds, with a very low supply of private dormitories. Like the transformation of hotels into student apartments, the property market in Hong Kong is becoming more active. According to statistics from Centaline Property in Hong Kong, in the first quarter of this year, there were a total of 5,373 registered transactions for first-hand private residential properties, involving a total amount of HK$62.8 billion. These two data points increased by 38% and 94% respectively compared to the same period last year, setting new highs for the same period in history, showing a strong market demand. Prices have also been performing strongly. According to statistics from Americo Properties, the latest "Americo Price Index" is 141.5 points, up by 0.45% weekly, continuing to reach new highs for over two years. Since the beginning of the year, it has risen by 5.04%, nearing last year's full-year increase of 5.14%. Property prices have rebounded by 12.05% since the low point in 2025.