Hong Kong Private Property Price Index Falls for Fourth Consecutive Month in March, Lee & Lee Predicts Difficult to Reverse Decline in the Next Quarter

According to the latest data released by the Hong Kong Rating and Valuation Department, the private residential property price index in March 2025 was 284.2 points, a decrease of 0.49% from February's 285.6 points, marking the fourth consecutive month of decline and a cumulative decrease of 2.50%, reaching a new low in 104 months (or over 8 and a half years) since August 2016. Compared to the historical high of 398.1 points in September 2021, property prices have fallen by 28.61% so far. Chen Haichao, director of the research department at Ricacorp Properties, said that the market lacks positive news and is constantly affected by the tariff war. Property prices fell by 1.73% in the first quarter, and it is expected that the downward trend will be difficult to reverse in the second quarter, with hopes that the decline will be narrowed.