Hong Kong developers raise prices on new residential units to test market recovery
RS
Remy St. James
home price index · Apr 13, 2026
Source: DojiDoji Data Terminal
Residential property buyers in Hong Kong are paying 4.6% more per square foot for units at Henderson Land Development's Chester project in Hung Hom than they did for the initial 123 units sold last month. The average discounted price for the latest batch of 39 units is HKD22,198 per square foot. Of those, 25 units have been sold.
At the La Mirabelle I project in Tseung Kwan O, 254 units are being released with prices between HKD5.93 million and HKD8.99 million after discount. These prices are about 1% higher than the previous batch of 254 units, which sold out within hours.
These price increases follow a period of deep discounts. According to Ricacorp Properties, developers are now testing price elasticity to maintain momentum without returning to discounts.
Official data shows Hong Kong's home sales value increased 42.2% year-on-year to HKD55.2 billion in March. The number of residential property sale and purchase agreements registered last month rose 17.7% to 6,317.
home price index
The Ledger Morning
The essential intelligence to start your trading day. Delivered 6:00 AM EST.
Join 50,000+ professionals who start their day with The Digital Ledger.