Key facts
- Hong Kong's lived-in home prices declined 0.8% in the third quarter.
- September saw a 0.19% increase in prices from August.
- The price index reached 320.8, still 19.4% below its September 2021 peak.
Hong Kong's residential property market experienced its first quarterly price decline in over a year during the third quarter, with a 0.8% drop. While September saw a modest 0.19% increase from August, this rebound was insufficient to fully counteract a summer slowdown. The price index reached 320.8, remaining significantly below its peak from September 2021. Despite the cooling home prices, rents in the city are reportedly hitting record highs.