JPMorgan and Goldman Sachs have joined Morgan Stanley in raising their outlook for Hong Kong's housing market to double digits, as price gains surpass previous expectations. Fresh data reinforcing recovery signs has prompted other banks to lift their 2026 estimates. JPMorgan has increased its 2026 home price growth forecast from 5 per cent to 7 per cent to between 10 per cent and 15 per cent.
Hong Kong's housing market is showing signs of rebound, prompting several international banks to upgrade their forecasts. According to the South China Morning Post, JPMorgan and Goldman Sachs have followed Morgan Stanley in lifting their 2026 home price growth outlooks to double digits, as actual price gains have outpaced expectations.
In a research paper published on Sunday, JPMorgan raised its 2026 home price growth forecast from a previous 5 per cent to 7 per cent to between 10 per cent and 15 per cent, citing faster price acceleration and a shift in the property cycle. The bank listed seven supporting factors, including a sustained strong stock market and robust demand from both mainland Chinese and local buyers, indicating that the sector has entered an expansion phase.
"We believe a strong stock market will continue to push up Hong Kong home prices," said Karl Chan, head of Hong Kong property research at JPMorgan.
These upgrades reflect bolstering recovery signals from recent data, with banks highlighting positive shifts in demand and market dynamics. Keywords include Hong Kong property, housing market, Morgan Stanley, Centaline Property, UBS, Citibank, Bank of America, and S&P Global Ratings. The article was published on February 24, 2026.