Hong Kong's private home price index returned to growth in August after July's first fall in 13 months, while rents rose again, according to figures reported from the Rating and Valuation Department (RVD).

TL;DR

  • Prices: the index rose 0.06% month on month in August to 320.5, up 10.95% year on year, as reported by The Standard.
  • Rents: the rental index rose 1.64% to 210.3, the tenth consecutive monthly increase, with a year-to-date gain of 4.9%.
  • Outlook: CBRE's Eddie Kwok said in August that further upside was likely to be limited in the short term.

What did Hong Kong home prices do in August 2026?

Hong Kong's private home price index edged up 0.06% from July to 320.5 in August, according to The Standard's report of RVD data published on 28 September 2026. The RVD is the Hong Kong government department that compiles the territory's official property price and rental indices. Prices were 10.95% higher than a year earlier and 6.98% higher over the first eight months of 2026.

The gain was narrow but notable because it followed a fall. In July the index dropped 0.46%, ending a 13-month winning streak and marking the first monthly decline since March 2025, according to RTHK, Hong Kong's public broadcaster.

How did small, medium and large flats compare?

Small and medium apartments were flat month on month and 11% higher year on year, as reported. Larger flats rose 0.4% on the month and 9.5% on the year.

What happened to Hong Kong rents?

The rental index rose 1.64% to 210.3, extending a run of monthly increases to ten. Rents are up 4.9% so far this year. For comparison, RTHK reported a 0.77% rise in July, the ninth straight monthly gain, with year-to-date growth of 3.4% at that point. The August rise was therefore larger than July's, and cumulative growth accelerated.

Why did prices fall in July, and does August change the picture?

CBRE, the global property services firm, was reported by RTHK in August as saying that with prices already up 7.3% year to date, further upside should be limited in the short term. CBRE's Eddie Kwok also expected a consolidation phase with fewer new home transactions in the second half of 2026. One small rebound does not by itself overturn that view. Treat August as a stabilising month rather than a confirmed new trend.

Why it matters for property buyers and investors across Asia

Rising rents alongside flat prices lift rental yields for landlords, because the same asset earns more. Buyers who rent first also face a tighter rental market. For readers comparing markets, Singapore's private home prices rose 1.4% in Q3 2026 on the URA flash estimate, led by suburban and landed homes, covered at https://propertynewsasia.com/singapore-private-home-prices-rise-1-4-in-q3-2026-flash-estimate-led-by-the-suburbs/ and Hong Kong's policy backdrop is covered at https://propertynewsasia.com/hong-kong-property-market-tests-new-ground-after-stamp-duty-overhaul/. Interest rate effects on pricing are discussed at https://propertynewsasia.com/interest-rate-cuts-and-singapore-property-psf-impact-by-district/. This is information, not property or investment advice.

What is not confirmed

Index levels quoted in separate reports for July and August do not line up exactly, which commonly reflects revisions to earlier months, but we have not confirmed this. We could not open the RVD's August table directly, so the August figures rest on The Standard's report of RVD data. Rely on the monthly percentage changes and check the RVD's own publications page for the latest levels.

Frequently Asked Questions

Did Hong Kong home prices rise or fall in August 2026?

They rose 0.06% from July to an index of 320.5, as reported by The Standard from RVD data. That followed a 0.46% fall in July.

How many months in a row have Hong Kong rents risen?

Ten. The rental index rose 1.64% in August to 210.3, and is up 4.9% for the year to date.

Where can I check the official figures?

The Rating and Valuation Department publishes its property market statistics at https://www.rvd.gov.hk/en/publications/property_market_statistics.html

Sources and Method

Figures come from The Standard (Hong Kong), 28 September 2026, reporting RVD data; RTHK, 27 August 2026; and the RVD publications page showing figures current through August 2026. Analyst views are attributed to CBRE. This is an original Dachex Media rewrite; no wording was copied.