JPMorgan and Goldman Sachs join Morgan Stanley in lifting their market outlook to double digits, as price gains outpace previous expectations
According to a research paper published on Sunday, JPMorgan raised its 2026 home price growth forecast to between 10 per cent and 15 per cent, up from its previous 5 per cent to 7 per cent estimate, citing faster price acceleration and a shift in the property cycle.
The bank cited a sustained stock market and strong demand from both mainland Chinese and local buyers among seven factors supporting its view 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.
