Property confidence index more than doubles in January as sales surge

RICS-Spacious Monitor shows buyer enquiries and investor interest both at +55% in January.

The Hong Kong residential market showed higher activity in January 2026 with the Confidence Index rose to +48, up from +20 in December 2025, according to the RICS‑Spacious Residential Property Monitor.

Buyer enquiries increased to 55%, compared with 28% in December, whilst investor interest was also at 55%. The agreed sales activity also rose to 54% from 22%.

Price expectations also strengthened, with the net balance for house price growth rising to 66%, compared with 39% in December.

Regional data showed increases to 50% from ‑5% in the New Territories and to 61% from 33% in Kowloon, whilst in Hong Kong Island rates held at 55%.

Tenant demand was at 51%, whilst landlord listings were at 29%. Rental price growth expectations reached 74%.

Looking forward, short-term sales expectations over the next three months were 46%, with a 12-month outlook at 51%.