Hong Kong residential home prices fall in July, ending a 13-month streak of increases. Official data from the Rating and Valuation Department shows the index for second-hand homes declines to 321.5 in July from 323 in June, a monthly drop of 0.46%. It is the first decrease in 16 months, reversing the steady rise that began in June of last year and continued through the first half of 2025.
Outlets attribute the cooling mainly to concerns affecting demand, including fears related to mainland China’s tax and investment curbs. Some reporting also points to broader financial market developments weighing on buying activity. Despite the monthly decline, sources note prices remain up on a year-to-date basis, with the earlier gains described as continuing until July and likely leading to short-term consolidation rather than a long-term reversal.
