Hong Kong Home Prices to Rise 5% in 2027
Bloomberg Intelligence forecasts the gain as mainland buyers and a stronger renminbi drive demand in Hong Kong.
Updated on Nov. 10, 2026 in Residential
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Bloomberg Intelligence forecast Hong Kong home prices to rise 5% in 2027, following a 7% gain in existing home values over the first nine months of 2026. The forecast reflects a market where mainland Chinese buyers have driven a rebound in sales this year.
Why it matters
Rising rents and a strengthening renminbi are fueling purchases by mainland Chinese buyers, and rental growth is projected to be the steepest since the summer of 2016. The trend shows how cross-border capital and currency movements are shaping one of Asia's major property markets.
Existing home values gained 7% and the rental index rose around 6% in the first nine months of 2026, while new-home sales jumped 21% in October from the prior month. The forecast 5% rise for 2027 has not been tied to a specific dated scenario in the source.
The players
Bloomberg Intelligence
The research arm of Bloomberg LP that publishes economic and market forecasts for global financial markets.
Sun Hung Kai Properties
One of Hong Kong's largest property developers, with a long history of residential and commercial projects across the city.
Henderson Land Development
A major Hong Kong property developer known for large residential projects and its substantial land bank.
Centaline Property Agency
A prominent Hong Kong real estate agency that publishes regular data on property prices and rents.
The details
Mainland Chinese buyers have driven Hong Kong's home sales rebound in 2026, while major developers including Sun Hung Kai Properties and Henderson Land Development have become more active in selling new apartments. Sun Hung Kai sold more than 3,500 units at its Sierra Sea project in the New Territories over 18 months, generating over HK$22 billion (US$2.8 billion).
Timeline
February 2024: Hong Kong scrapped stamp duties.
July 2026: Buyer demand dipped amid concerns about mainland capital-outflow curbs and potential interest-rate hikes.
First nine months of 2026: Existing home values gained 7%.
October 2026: New-home sales surged 21% from the prior month.
2027: Home prices are forecast to rise 5%.
Market Dynamics
The forecast extends the recovery that followed Hong Kong's February 2024 removal of stamp duties, which lowered transaction costs for buyers. Rising rents and a renminbi at a three-year high against the Hong Kong dollar are now the main drivers pulling mainland capital into the city's property market.
Buyers and renters in Hong Kong face rising rents and higher purchase prices, which affects affordability decisions this year. The renminbi's strength against the Hong Kong dollar also changes the cost of property for mainland Chinese buyers.
The takeaway
Hong Kong's market now depends heavily on mainland capital and currency moves, so buyers should watch exchange rates and interest-rate signals alongside rent trends. A rising rental market can make buying more attractive for some households while pushing others to rent for longer.
Further reading
For more on the housing trends behind this forecast, see the Residential section.
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