The percentage of respondents who expected Hong Kong housing prices to rise over the next 12 months climbed to 69 per cent, according to a second quarter 2008 survey.
It is the highest since the residential property ownership survey was introduced, said Citibank Hong Kong in a Media OutReach-forwarded statement on Thursday.
The percentage of respondents who expected housing prices to drop over the next 12 months fell to 9.0 per cent, the same levels as the first quarter of 2017, it added.
The bank commissioned The University of Hong Kong Social Sciences Research Centre to conduct a telephone survey, interviewing over 500 respondents picked by random digital dialling in June 2018.
In terms of the desire to buy a home, 19 per cent of respondents expressed considerable interest in purchasing a residential property in the second quarter of 2018.
The percentage is consistent with the previous two quarters.
The survey also found that the number of respondents who felt that it was not a good time to purchase a home, increased from 69 per cent in the first quarter of 2018 to 73 per cent in the second quarter.
By contrast, the number of respondents who felt that it was a good time to buy remained steady at a low 3.0 per cent.
With housing prices at a high, the desire to buy a home dropped among all age groups over the last two quarters, with the exception of the respondents aged 30 to 44.
Their desire to buy a home rose slightly, by 2.0 per cent per quarter since the fourth quarter of 2017, to 23 per cent in the second quarter of 2018.
However, 66 per cent felt that it was a bad time to buy a home, a 3.0 per cent increase since the first quarter of 2018.
Since 2010, Citibank has commissioned the Social Sciences Research Centre to conduct a quarterly survey on the housing market.
Data from the random-digital-dialling telephone survey is collected at the end of each quarter, with over 500 respondents on average interviewed in each quarter.
