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Hong Kong Developers Raise Prices Amid Uneven Market Recovery

3/9/2026

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Story summary
  • In Hong Kong, developers test the housing market's recovery by raising prices and cutting discounts.
  • Analysts say the rebound remains uneven as some developers cut incentives instead of headline price changes.
  • New World Development plans to reduce discounts at its Deep Water Pavilia project from 8% to 5.5%, lifting prices about 2.5%.
  • Sino Land has increased prices on units at Grand Mayfair by 1.4% to 7.1%.