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Morgan Stanley was the first major bank to forecast a 10 per cent increase in home prices in January, which was widely seen as aggressive at the time.
With fresh data bolstering signs of a recovery, other banks have also lifted their 2026 estimates.
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.
