Hong Kong residential property prices rose 1.4% in March 2026 to 312.8, the highest level since November 2023, even as the US-Iran conflict stoked market worries, Colliers Hong Kong said. [1]
The gain took the city’s residential price index to its strongest reading since 315.6 in November 2023. Prices in the secondary residential segment have climbed nearly 9.2% over the past 11 months, while the index rose 4.4% in the first quarter of 2026. [1]
Residential rents also reached a new all-time high and have kept rising since February 2023, Colliers said. [1] Tsang Bo-man, senior associate director of valuation and advisory services at Colliers Hong Kong, said: "While uncertainties surrounding the US-Iran conflict may cause oil prices to spike and keep interest rate fluctuations in focus, major banks have already begun raising property valuations in response to the warming market. Coupled with strong rental demand bolstering the holding power of owners, we expect property prices to maintain a steady recovery." [1]
The strength in prices and rents persisted after the US and Iran conflict began on Feb. 28, when coordinated strikes hit Tehran’s government and military sites. [1] Major banks have raised valuations as the property market has warmed, Colliers said. [1]
