GLOPRAGlobal Property Radar

Hong Kong home prices fall 1.30% in four weeks to November 2026

Hong Kong second-hand home prices fell for a fourth straight week to a 20-week low, taking entry prices 1.30% lower in a month and 1.88% below the 2026 high.

The facts

  • Centaline Property's Centa-City Leading Index, which tracks second-hand private homes in Hong Kong, read 159.11 points in the edition published on 6 November 2026, down 0.17% on the week.
  • The index has fallen four weeks in a row, a cumulative -1.30%, and now sits 1.88% below its high for this year.
  • Centaline calls the level a 20-week low, the weakest since mid-June 2026.
  • The two preceding readings were 159.38 points on 30 October, down 0.33% and a 15-week low at the time, and 159.91 points on 23 October, down 0.09% and an 11-week low at the time.
  • Companion readings the same day were 159.67 points for large units and 159 points for small and medium units; the index is based on 100 for the first week of July 1997.
  • The figure covers contracts expected to be formally signed between 26 October and 1 November 2026, so it trails the market by about two weeks.

What it means for your money

  • Entry prices are easing week by week, yet Glopra data still puts Hong Kong 10.98% above a year ago. Cheaper, not cheap.
  • Glopra's latest Hong Kong snapshot shows 17,514.6 USD per square metre and rent of 53.27 USD per square metre a month, a gross yield of 3.6%, so rental income does little to carry a position while prices slide.
  • An owner already holding is looking at paper value rather than realised loss, but four weekly declines and a 1.88% gap to the year's high point to thinning resale pricing power on mass-market estates.

What to watch

  • Centaline publishes the index every Friday, so the next reading lands on 13 November 2026.
  • Whether the fall broadens. The dashboard prints the Hong Kong Island, Kowloon and New Territories sub-indices without a plus or minus sign, so their direction cannot be read from it.
  • Because the index reflects contracts signed roughly two weeks earlier, anything that happens in November will not appear in it until late in the month.

Sources: Centaline Property https://hk.centanet.com/CCI/index; Centaline Property https://hk.centanet.com/info/property-news/search?tagcode=160

Market data: Hong Kong