Hong Kong's private home price index rose 0.06% in August 2026, a near-flat reading that follows a revised 0.8% drop in July, the first monthly fall in 16 months.

TL;DR

  • Hong Kong home prices edged up 0.06% in August 2026, based on Rating and Valuation Department (RVD) data reported on 28 September.
  • July's revised 0.8% decline was the first monthly fall since March 2025, and prices had risen about 13% before it.
  • Rents rose 1.64% in August, the tenth consecutive monthly gain, so the market is cooling on prices rather than turning down across the board.

What happened to Hong Kong home prices in August 2026?

The RVD is the Hong Kong government body that publishes the city's official monthly property price and rental indices. According to Reuters, its figures showed the private home price index up 0.06% in August. The Standard, a Hong Kong newspaper, put the index level at 320.5 and the year-on-year gain at 10.95%.

That small rise matters because of what came before. Reuters reported that July was revised to a 0.8% decline, the first fall in 16 months and the first since March 2025. Prices had gained about 13% before that drop, and were up roughly 7% year to date through the first seven months of 2026.

Are Hong Kong rents still rising?

Yes. The Standard reported the rental index at 210.3, up 1.64% from July and rising for a tenth month in a row. Rising rents alongside flat prices suggest tenant demand is holding up while buyers pause after a strong run. Reuters attributed the market's support to positive sentiment, buoyant stock markets, steady demand from mainland Chinese professionals and easing oversupply. It did not name an official or analyst making that assessment.

Why does it matter for property investors in Asia?

Hong Kong is the region's clearest test of whether a recovery can survive after a long slump. Reuters noted that residential prices fell nearly 30% from their 2021 peak before rising again. Earlier this year, Property News Asia reported that S&P expected Hong Kong home prices could rise another 5% in 2026 (see https://propertynewsasia.com/hong-kong-home-prices-could-rise-another-5-this-year-s-p/), and that Morgan Stanley saw the recovery spreading beyond homes to office and retail (see https://propertynewsasia.com/hong-kong-property-recovery-extends-beyond-homes-to-office-retail-morgan-stanley/). One flat month does not confirm a new trend either way.

Readers comparing markets can also look at Singapore, where the Urban Redevelopment Authority's flash estimate showed private home prices up 1.4% in Q3 2026 (see https://propertynewsasia.com/singapore-private-home-prices-rise-1-4-in-q3-2026-flash-estimate-led-by-the-suburbs/).

What is not confirmed?

A single month of near-zero growth does not show whether July's fall was a pause or the start of a correction. Monthly indices are also revised, as July's was. We have not seen forecasts for September or the rest of 2026 from the RVD, and this article is not property or investment advice.

Frequently Asked Questions

How much did Hong Kong home prices rise in August 2026?

The private home price index rose 0.06% month on month, according to RVD data reported by Reuters on 28 September 2026.

Did Hong Kong home prices fall in July 2026?

Yes. July was revised to a 0.8% decline, the first monthly fall in 16 months, according to Reuters.

Are Hong Kong rents going up or down?

Rents are going up. The Standard reported a 1.64% rise in August to an index of 210.3, the tenth straight monthly increase.

Sources and Method

This article is an original rewrite based on reporting by Reuters (via China Daily HK, 28 September 2026: https://www.chinadailyhk.com/article/640236) and The Standard (https://www.thestandard.com.hk/property/article/344033/HK-home-prices-edge-up-in-August-rent-hits-new-high), both citing RVD data. The RVD statistics page could not be opened directly during research, so index figures are as reported by those outlets. Cover photo: Repulse Bay skyline by DestinationFearFan via Wikimedia Commons, CC BY-SA 4.0.