Published: 1:08pm, 27 Aug 2025 Updated: 5:09pm, 27 Aug 2025 Hong Kongs lived-in home prices rose for a fourth consecutive month to a seven-month high in July, indicating the citys residential property market may have turned a corner. A widely watched official index of secondary home prices gained 0.42 per cent month on month to 287.9 in July, according to data from the Rating and Valuation Department on Wednesday. It was the indexs highest level since 289.2 in December.
Secondary home prices have increased 1.05 per cent since April, narrowing this years price decline to 0.45 per cent.
Signs of residential prices bottoming out are becoming more evident, said Eddie Kwok, executive director for valuation and advisory services at CBRE Hong Kong.
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How Hong Kong's housing market became among the worlds most unaffordable
How Hong Kong's housing market became among the worlds most unaffordable He added that while new-home inventories were at a relatively high level, developers have been able to offload more than 1,600 units a month since February. The consistent pick up in primary sales is easing inventory pressure among developers, he said.
