The Hong Kong real estate market is rebounding: homeowners are rebounding, buyers are chasing after price increases, and some units have appreciated by over a million yuan in just 10 months!

With the continuous increase in trading activity, housing prices have steadily risen, and many properties have achieved significant appreciation. Some units in popular areas have appreciated by over HKD 1 million in just 10 months, which intuitively confirms the strong resilience of the Hong Kong real estate market's comprehensive recovery and marks the market's official exit from the adjustment period and entering a stable recovery channel. ​

A real estate agent who has been rooted in the Hong Kong property market for a long time sighed, "The price agreed upon the day before was suddenly changed by the owner the next day, ranging from tens of thousands to tens of thousands. After a little hesitation, the desired house was preemptively subscribed by others. Nowadays, such scenes have become the norm in the second-hand housing market in Hong Kong, and the bargaining power of homeowners has significantly increased. The bargaining space has narrowed significantly from 5% in the past to 1% -2%, and some popular properties even have multiple buyers bidding and homeowners repeatedly reversing prices. ​

A unit with a practical area of 329 square feet in Tsuen Wan Centre staged a typical anti price transaction scene. The previous listing price of the property was reduced from HKD 3 million to HKD 2.8 million. With the recovery of the real estate market, it quickly attracted 3 to 4 groups of potential buyers to bid and negotiate. The original owner raised the price to HKD 2.88 million on the spot, and the price rebounded in just a few days, demonstrating the high market heat. In popular areas such as Hung Hom and Sha Tin, the turnover speed of unsold properties has significantly accelerated, and many listed units can be sold within two to three days, even resulting in a situation of "no houses to see" - to understand the layout, one can only refer to the layout and landscape of the rental unit. The former buyer's market has quietly shifted to the seller's market. ​

Accompanying the homeowners' counter pricing is the active entry of buyers into the market and their enthusiasm for chasing price increases. In the past year, the Hong Kong real estate market has gradually shifted from "rising in reality but lagging in sentiment" to "rising in both quantity and price". More and more buyers who have been watching for a long time no longer hesitate and are accelerating their entry into the market, afraid of missing the opportunity to enter at a low price. Liu Yang (pseudonym), who works in Hong Kong, is one of them. She has personally experienced a nearly 20% increase in rent in the past two years and ultimately chose to buy a new property near the University of Hong Kong on Hong Kong Island. Even though she was still nervous when signing the contract, she also recognized the judgment that "good assets are more valuable in the long run". ​

The continuous rise in housing prices has benefited many early buyers who entered the market, and value-added cases are not uncommon. According to market monitoring, property prices in several popular areas of Hong Kong have steadily risen since mid-2025. One unit located in the southern district of Hong Kong Island has seen its price increase from approximately HKD 9 million to over HKD 10 million within 10 months, with an appreciation of over HKD 1 million, becoming a vivid reflection of the recovery of the real estate market. The performance of the high-end residential market is even more impressive. In the first two months of 2026, there were 48 transactions of luxury homes worth over HKD 100 million, far exceeding the 14 transactions in the first quarter of 2025. Luxury home transactions continue to serve as the "locomotive" of market growth. ​

The current hot recovery of the Hong Kong real estate market is not accidental, but the result of multiple favorable factors such as policies, finance, and demand working together. The core driving force comes from the Hong Kong Special Administrative Region government's complete revocation of the "spicy tactics" in the real estate market that have been implemented for nearly 14 years in 2024, including the cancellation of additional stamp duty, buyer stamp duty, and new residential stamp duty, which significantly reduces transaction costs, especially clearing obstacles for mainland buyers to enter the market. In 2025, the total amount of Hong Kong residential properties purchased by mainland buyers reached a historical high of HKD 138 billion. The appreciation of the Chinese yuan in 2026 further strengthened the purchasing power of mainland buyers, and the continuous inflow of "Beishui" has become an important support for the recovery of the real estate market.