26th June 2025 – (Hong Kong) Hong Kong’s residential property prices continue to recover, with the Rating and Valuation Department reporting a slight increase in the private residential price index for May 2025. The index rose by 0.03% to 286.6 points, marking the second consecutive month of growth and a total increase of approximately 0.49% over this period. Despite this recent uptick, prices remain down by about 0.9% for the first five months of the year.
The latest index reflects a significant decline from the historical peak of 398.1 points recorded in September 2021, showing a decrease of approximately 28.01%.
In addition, the rental market is witnessing sustained growth, with the private residential rental index reaching 195.2 points in May, up by about 0.67%. This marks the sixth consecutive month of increases, totalling a rise of around 1.72% since September of last year. Over the first five months of 2025, rental prices have increased by approximately 1.4%, outperforming the growth in property prices.
The price index for larger residential units, defined as those with a usable area of over 1,075 square feet, showed a notable monthly increase of 0.04%, reaching 261.7 points. However, this segment has still seen a decline of about 1.95% year-to-date. Conversely, the index for smaller units, those 1,075 square feet or smaller, rose by 0.03% to 288.1 points and has experienced a cumulative decline of approximately 0.79% so far this year.
