Developers in Hong Kong are increasing prices for new homes, with some seeing rebounds of up to 33% from market lows, driven by robust demand. Analysts note that new units are being priced significantly higher than previous sales in the same or similar districts.

Prices for some new homes in Hong Kong have rebounded by as much as a third from the housing market’s lowest level a few years ago amid robust demand, according to analysts. Developers have priced new units this year in Tseung Kwan O, Wong Chuk Hang and Tai Wai between 7 and 36 per cent higher than those sold in the same projects or in the same districts in previous years, data tracked by JLL showed. The consultancy said that on average, prices for the first sales in new developments this year.....