HK home price to rise 5 pc next year, CLSA said

Hong Kong's home price is expected to rise 5 percent in 2026, boosted by rate cuts, according to CLSA.

The investment company said the property price in the city has rebounded 4 percent from the lowest level, due to rate reduction, easing pressure of sell-off inventories, and higher rental yield driven by strong leasing demand.

It exemplified that the first batch of flats at Sun Hung Kai Properties' (0016) Cullinan Sky Phase II in Kai Tak are averagely priced at HK$25,280 per square foot, representing a 29 percent increase from the first price list of its phase one in September last year.