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Home/Real Estate/HOME PRICE INDEX

Hong Kong developers raise prices on new residential units to test market recovery

RS

Remy St. James

home price index · Apr 13, 2026

Hong Kong developers raise prices on new residential units to test market recovery

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.

Related Brief1d ago
real estate

Eau Claire Home Prices Hold Steady Year-Over-Year Despite 81% Six-Year Surge

Eau Claire home prices have stopped growing year-over-year. The median sale price for February 2026 is $304,426, reflecting a 0.0% change from the same month last year. This stagnation stagnation reflects a broader national trend where cooling demand and seller discounts are leading to a housing market reset. U.S. home prices have set monthly record highs for over two years, driven by persistent inflation and a chronic inventory shortage. In Eau Claire, the recent shift is arriving after a period of rapid growth. The median sale price in February 2019 was $168,000. Prices in the city have increased 81.2% since then. The median sale price increased 12.8% month-over-month.

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.

Related Brief2d ago
real estate

Richmond Home Prices Rise Slower Than Pandemic Peak

Richmond homebuyers now face a median sale price of $395,000. This figure represents a 1.4% increase year-over-year. The growth is part of a broader national trend where prices are growing more slowly as demand cools and sellers offer discounts. U.S. home prices set monthly record highs for over two years straight, driven by persistent inflation and a chronic inventory shortage. Richmond home prices have risen 68.1% since February 2019.

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.

Related Brief2d ago
real estate

Home sellers are slashing prices by an average of $41,000 to attract buyers

Home sellers are reducing their asking prices by an average of 7.3%, or nearly $41,000, in February. More than one-third of home sellers reduced their asking prices in February. This share of households lowering prices is the highest February share on record since 2012. Redfin says buyers have been deterred by high mortgage rates, high prices, and economic uncertainty. The probability of a price reduction is lower for those who owned their homes for the length of time they owned their home. Less than one-third of February 2026 sellers who had owned their homes for the oldest own their homes for at least seven years lowered their price. In contrast, 34.9% of فلسفة sellers who had owned their holdings for two to seven years. The sellers who purchased homes during the pandemic peak set high initial listing prices to recoup their investment. These sellers must now lower their expectations as the market has shifted. Sellers in Texas and Florida are most likely to reduce their prices. Sellers in the the San Francisco Bay Area are the least likely to implement price cuts.

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.

Related Brief2d ago
real estate

Canadian Home Prices and Sales Face Projected Year-Over-Year Declines

Existing home sales and average prices in Canada are estimated to decline 1.5 per cent year-over-year for March. This data, scheduled for release on April 16, accompanies an estimate that the MLS Home Price Index for March will drop 5.0 per cent year-over-year.

home price index

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