---
title: "In \"Hong Kong Property,\" Shih Wing-ching estimates that this year's property prices in Hong Kong will rise by nearly 20%, with some estates already increasing by 10 to 15% in the first two months"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277159754.md"
description: "Central China Real Estate founder Shi Yongqing expects Hong Kong property prices to rise nearly 20% in 2023, with some estates already increasing by 10 to 15% in the first two months. He believes the property market will continue to rise, and the financial budget has not introduced many measures; instead, the increase in stamp duty on luxury properties may have a suppressive effect on the property market. Shi Yongqing pointed out that the real estate industry will remain positive in the coming years, with land price increases expected to outpace property price increases, and the government can sell all residential land, with transaction prices exceeding market expectations"
datetime: "2026-02-27T07:23:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277159754.md)
  - [en](https://longbridge.com/en/news/277159754.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277159754.md)
---

# In "Hong Kong Property," Shih Wing-ching estimates that this year's property prices in Hong Kong will rise by nearly 20%, with some estates already increasing by 10 to 15% in the first two months

The founder and chairman of Central China Group, Shi Yongqing, stated at the New Year gathering that he expects the property market to continue to rise in 2026, with the momentum intensifying.

He pointed out that in the first two months of this year, some housing estates in Hong Kong have seen price increases of 10% to 15%. He believes that by mid-year, the property market's increase will reach 15%, with an annual increase close to 20%.

Regarding the financial budget not introducing many measures for the property market, but instead raising the stamp duty on luxury homes priced over HKD 100 million, Shi Yongqing believes this measure will have a suppressive effect on the property market. He is confident that the market is already quite stable and does not require too many support policies.

Additionally, he believes that the current government's fiscal revenue and Hong Kong's economy still rely on real estate, so he expects the real estate industry to remain positive in the coming years. As for land prices, he believes that the increase in land prices will be greater than that of housing prices, estimating that the government can sell all the residential land it has released, and the transaction prices will exceed market expectations

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