China Property Signals (#36): Hong Kong Residential Market Continues The Rebound (June 2026 Data)

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The Hong Kong residential sales market continues its clear and sustained rebound, from the lows of March 2025:

Price growth continued to accelerate in June 2026. The all-developments index rose 12.7% y/y. This leaves the all-developments index still 20.3% below its September 2021 peak, while extending its recovery from the March 2025 trough. The current index level is now roughly back to mid-2024 levels and close to where it stood in early 2017.

The home sales 12M growth remained strong in June 2026, for both primary (+41%) and secondary (+36%) markets.

In absolute terms, the 12MMA of new home sales eased slightly to 1,980 units from May's record high of 1,992 units, but remained well above the previous cycle peak of 1,818 units reached in Mar 2008.

Secondary sales continued to improve, with the 12MMA rising to 4,245 units, the highest level since the post-pandemic recovery began, although still well below the historical peak of 10,178 units recorded in Dec 2010.

See our Hong Kong Residential Dashboard for more coverage of Hong Kong. Currently in open-access pilot.

To discover more about our work on China property, please message Robert Ciemniak directly or visit https://www.realestateforesight.com