Data from the Hong Kong Rating and Valuation Department indicates that the city's private domestic price index reached 316.6 points in April, marking a month-on-month increase of 0.89% and extending a rising streak to eleven consecutive months. Year-on-year, the index climbed 10.5%, reaching its highest level in over two years. Over the first four months of the year, property prices have accumulated a 5.7% gain.

According to experts from CBRE Group Inc's valuation and advisory services division in Hong Kong, the primary residential market is demonstrating robust performance. Sustained demand has shifted pricing power back to developers, as evidenced by recent price hikes for new project launches. This strong momentum in the primary market is contributing to a gradual recovery across the broader property sector. With increasing buyer confidence, secondary market prices are also showing an upward trend.

While macroeconomic volatility persists, particularly due to ongoing geopolitical conflicts, most related risks are considered to have been absorbed by the market, with their dampening effect on sentiment having subsided. Continued capital inflows are providing solid support. Ample liquidity is not only stimulating overall economic activity but also further fueling optimism in the real estate market.

Overall, driven by factors including solid demand, recovering confidence, and abundant capital, Hong Kong's property prices are expected to record an increase of approximately 8% to 10% for the full year, indicating a stable and positive development trend.