Hong Kong’s housing market recovery rests on solid foundations

South China Morning PostCenter-RightEN 2 min read 100% complete by Nicholas SpiroFebruary 2, 2026 at 09:30 AM

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medium article 2 min

Hong Kong's economy experienced a resurgence in 2023, growing at its fastest pace since 2021 due to increased exports and a rebound in capital markets. Share sales quadrupled, making Hong Kong the top fundraising spot in Asia. The Hang Seng Index also saw significant gains, driven in part by mainland Chinese investment. HSBC notes that Hong Kong is transforming into a conduit for mainland Chinese capital flowing outwards. This economic recovery has boosted confidence in Hong Kong's property market, with JLL and Morgan Stanley predicting growth in office leasing, housing, and retail sales. Morgan Stanley forecasts a 10% rise in secondary home prices this year.

Key Entities & Roles

Key Player Opposition Context

United States 40% Bloomberg 40% Census and Statistics Department 50% JLL 50% Hang Seng Index 60% Asia ×260% Morgan Stanley 60% HSBC 60% China ×270% Hong Kong ×1090%

Keywords

hong kong 100% housing market 90% economic recovery 80% capital markets 70% property market 70% residential sector 60% house prices 50% stock exchange 50% office rents 40% retail sales 40%