Hong Kong Residential Market: Reading the Data
Hong Kong's Rating and Valuation Department (RVD) released the Hong Kong Property Review 2026 in April, along with monthly updates on residential market statistics. As of April 2026, the residential price index rose 0.6% month-on-month, signaling a gradual recovery from the 2022-2023 correction. According to the Centa-City Index (CCI), Hong Kong's housing index stood at 157.45 in May 2026, down 17.7% from the August 2021 peak of 191.34 but significantly above recent lows.
Following the complete removal of all stamp duty surcharges in February 2024 — including the Buyer's Stamp Duty (BSD) and New Residential Stamp Duty (NRSD) — transaction volumes and prices have rebounded in tandem. Prices rose nearly 8% in the first half of 2026, with new launches frequently selling out on opening day. For overseas Chinese investors, Hong Kong's recovery signals both opportunity and complexity. Transaction costs have plunged, but interest rates and global economic uncertainty remain headwinds.