JP Morgan lifted Hong Kong's home price hike forecast this year to the range of 10 percent to 15 percent amid the improving property market, after Goldman Sachs raised its estimate to 12 percent.
Previously, JP Morgan projected the city's home price growth would be around 5 percent to 7 percent.
The broker also said Hong Kong's property sector has entered the "expansion" phase from the "early-stage recovery" phase, adding that the home price for 2027 is expected to rise another 5 percent.
JP Morgan noted that expected population inflow and “fear of missing out” sentiment following a three-year correction will boost the property market.
Last week, Goldman Sachs raised its home price hike forecast to 12 percent from 5 percent, as the government is expected to introduce visa and immigration policies that will drive the demand.
