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Hong Kong Home Sales Plunge 40% in Q3 2026, Office Leasing Hits 2019 High
Hong Kong's private home price index returned to growth in August, rising 0.06% month on month to 320.5, according to data from the Rating and Valuation Department (RVD) reported by The Standard on 28 September 2026. The increase followed a 0.46% decline in July, which had ended a 13-month winning streak and marked the first monthly fall since March 2025. Year on year, prices were up 10.95%, and they have risen 6.98% over the first eight months of 2026.
Small and medium-sized apartments saw prices flat month on month but up 11% year on year. Larger flats recorded a 0.4% monthly increase and a 9.5% annual gain. The mixed performance suggests a stabilising market rather than a broad surge.
The rental index rose 1.64% in August to 210.3, extending its run of monthly increases to ten. Rents are up 4.9% so far this year, accelerating from a 0.77% rise in July, which was the ninth consecutive gain. The August increase was larger than July's, indicating sustained pressure in the rental market.
CBRE, the global property services firm, said in August that with prices already up 7.3% year to date, further upside should be limited in the short term. Eddie Kwok of CBRE expected a consolidation phase with fewer new home transactions in the second half of 2026. The modest August rebound does not by itself overturn that view, and the month is better seen as a stabilising period rather than a confirmed new trend.
Rising rents alongside flat prices lift rental yields for landlords, as the same asset earns more. Buyers who rent first also face a tighter rental market. For comparison, Singapore's private home prices rose 1.4% in the third quarter of 2026 on the URA flash estimate, led by suburban and landed homes. Hong Kong's policy backdrop and interest rate effects on pricing are also relevant for market watchers. This is information, not property or investment advice.
Index levels quoted in separate reports for July and August do not line up exactly, which commonly reflects revisions to earlier months, but this has not been confirmed. The RVD's August table could not be opened directly, so the August figures rest on The Standard's report of RVD data. Readers should rely on the monthly percentage changes and check the RVD's own publications page for the latest levels.
In summary, Hong Kong home prices rose 0.06% in August 2026, following a 0.46% fall in July. Rents have now increased for ten consecutive months, with a 1.64% rise in August. Official figures can be checked on the Rating and Valuation Department's website.
