Hong Kong’s property market to build on gains in the Year of the Horse, agents say
South China Morning Post
by Cheryl ArcibalFebruary 20, 2026
AI-Generated Deep Dive Summary
Hong Kong’s residential property market has shown steady growth in recent years, with experts predicting continued gains as 2024 marks the Year of the Horse. The market experienced a strong rebound in 2023, known as the Year of the Snake, following three years of decline. This recovery was driven by policy easing measures and an increase in wealth due to gains in the Hong Kong stock market. Real estate experts like Derek Chan Hoi-chiu from Ricacorp Properties attribute this turnaround to a combination of favorable government policies and economic rebounds. The momentum is expected to carry forward, with real estate agents anticipating further growth in the coming year.
The property market’s recovery in 2023 was significant, as it marked the end of a prolonged period of decline. Factors such as reduced property taxes, relaxed lending policies, and increased investor confidence played a crucial role in fueling demand for residential properties. Additionally, the rise in Hong Kong’s stock market wealth effect further boosted consumer spending power, which spilled over into real estate investments. This created a favorable environment for homebuyers and investors alike.
Looking ahead to 2024, experts believe that the property market will continue to build on this momentum. The Year
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Originally published on South China Morning Post on 2/20/2026