Ricacorp: Rate hikes unlikely to reverse upward trend; Hong Kong home prices expected to rise at least 10% for the full year

Zhito Finance APP has learned that the Hong Kong Rating and Valuation Department announced that the private residential price index for August 2026 stood at 320.5 points, up slightly by 0.06% month-on-month, reversing the previous single-month decline. Compared with the historical high of 398.1 points in September 2021, current property prices are still down 19.49%. Chen Haichao, head of the research department at Ricacorp Properties, said that after a brief one-month breather, the property market has quickly stabilized and stopped falling amid improving economic performance, a stock market rebound, and sustained demand, and the outlook for the market remains optimistic.