More banks catch on to Hong Kong’s housing rebound, upgrade market forecast

South China Morning PostEN 1 min read 100% complete by Peggy YeFebruary 24, 2026 at 12:30 AM

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Several banks are revising their forecasts for Hong Kong's housing market, predicting increased growth in home prices. JPMorgan Chase recently raised its 2026 home price growth estimate to 10-15%, a significant increase from its previous 5-7% projection. This adjustment follows Morgan Stanley's earlier forecast of a 10% increase, initially considered optimistic. JPMorgan cites factors such as a strong stock market, increased demand from mainland Chinese and local buyers, and an overall shift in the property cycle as reasons for the upward revision. The bank believes the robust stock market will continue to drive up home prices in Hong Kong. These revised forecasts indicate a growing consensus among financial institutions regarding a rebound in Hong Kong's housing market.