Hong Kong luxury home prices extend gains despite fewer deals
Mainland Chinese demand and limited future supply may support luxury values, although lower transaction volumes and interest-rate movements could constrain market momentum.
Hong Kong luxury home prices rose about 2% in Q2 2026 even as transactions fell from 70 to 48 deals.
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Prices increased by 2% in Q2 even as the number of deals declined to 48.
Hong Kong's luxury residential market remained resilient in the second quarter of 2026, with prices continuing to rise even as transaction volumes moderated, according to CBRE.
Based on the Rating and Valuation Department's luxury residential index for Class E homes, prices increased about 2% during the quarter and 3.9% year-to-date. The gains marked a twelfth consecutive month of price growth, leaving values around 10% above the market trough recorded in March 2025.
Luxury transaction activity softened during the quarter, with total consideration falling 30% from HK$12.56 billion to HK$8.76 billion, while the number of deals declined from 70 to 48.
CBRE said demand remained supported by wealthy buyers from mainland China, who accounted for around half of all luxury residential transactions above HK$100 million during Q2 and between 60% and 70% of activity in the primary luxury market.
The consultancy added that limited future supply is expected to underpin the market, with only about 170 luxury homes and houses planned for The Peak and the Southern District. CBRE expects luxury home prices to rise by between 5% and 10% in 2026, depending on the direction of interest rates, supported by resilient high-net-worth demand and improving financial market conditions.