Hong Kong's private home price index rose 0.06% month on month in August 2026, returning to growth after a revised 0.8% fall in July, while the rental index climbed to a record for a tenth straight month, according to Rating and Valuation Department (RVD) figures reported on 28 September.

TL;DR

  • Hong Kong private home prices rose 0.06% in August after a July decline that was revised to 0.8%, according to both Reuters and The Standard.
  • The Standard reported the rental index up 1.64% to a record 210.3, the tenth consecutive monthly rise.
  • Year-to-date and year-on-year figures differ between reports, so treat those numbers as provisional until checked against the RVD release.

What did Hong Kong's property data show for August 2026?

The RVD, the Hong Kong government department that compiles the city's monthly private domestic price and rental indices, released August data on Monday 28 September. The Standard reported that the home price index rose 0.06% from July to 320.5, and was up 10.95% year on year. Small and medium flats were flat on the month and up 11% on the year, while large flats rose 0.4% on the month and 9.5% on the year, also according to The Standard.

The rental index rose 1.64% on the month to 210.3, a new high, extending a run of ten consecutive monthly gains. The Standard put the increase at nearly 4.9% over the first eight months of 2026.

Why did July matter in this month's reading?

July's figure was initially reported as a decline of nearly 0.5%, which ended a 13-month rising streak, according to The Standard's report of the 27 August release. The latest data revised July to a 0.8% fall. August's small gain therefore reads as a stabilisation after that dip rather than a fresh acceleration. Reuters, republished by China Daily, described July's drop as the first fall in 16 months.

What is supporting Hong Kong's market?

Reuters cited positive market sentiment, buoyant stock markets, firm demand from mainland professionals and easing oversupply as supports. It also noted that residential prices rose last year after falling nearly 30% from their 2021 peak. These are the news agency's characterisations, not RVD findings, and the RVD data reported does not itself explain the rental surge.

How does this compare with Singapore?

Singapore's data covers a different period, so the two should not be compared directly. For reference, the URA's flash estimate showed Singapore private home prices up 1.4% quarter on quarter in the third quarter of 2026, as covered in our report on the flash estimate led by the suburbs and our analysis of the gap between prices and new home sales. For the wider regional picture, see CBRE's finding that Asia-Pacific property investment rose 27% in H1 2026.

Why it matters

For renters in Hong Kong, record rents mean higher costs, while for owners and prospective buyers a flat month after a dip suggests the market is pausing rather than reversing. The data does not show sales volumes, mortgage conditions or the supply pipeline, so it cannot say whether the pause will last. This article is general information, not property or investment advice.

Frequently Asked Questions

Did Hong Kong home prices rise in August 2026?

Yes, marginally. The RVD's private home price index rose 0.06% month on month in August, according to Reuters and The Standard, after July was revised to a 0.8% fall.

How much did Hong Kong rents rise in August 2026?

The Standard reported the rental index up 1.64% to a record 210.3, the tenth consecutive monthly rise.

Why do the reports give different year-to-date figures?

Reuters said prices were up about 7% over the first seven months, while The Standard said 6.98% over the first eight. The periods stated differ, and the RVD release should settle which is correct.

Sources and Method

Figures come from The Standard Hong Kong (28 September 2026, thestandard.com.hk/property/article/344033), Reuters via China Daily Hong Kong (28 September 2026, chinadailyhk.com/article/640236) and The Standard's July report (27 August 2026, thestandard.com.hk/property/article/341065). The RVD's own release page could not be opened during drafting, so the index levels and rental figures rest on press reports and should be confirmed against rvd.gov.hk before publishing. Wording is original and no forecasts are offered.