BUSINESS

Hong Kong Property Deals Hit Four-Year High on Hopes of Rate Cuts and Buyer Incentives

Published: Sep. 4, 2025 4:13 a.m. GMT+8

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The floor plan for a flat at the Deep Water Pavilia project, developed by New World Development Co., in Hong Kong, on June. 7, 2025. Photo: Bloomberg

Hong Kong’s property market recorded its busiest start in four years, with more than 50,000 transactions registered in the first eight months of 2025, even as monthly activity cooled in August.

Data from the Land Registry showed 50,522 property deals — spanning new and secondhand homes as well as commercial units — between January and August, up 12% from a year earlier. Residential sales alone reached 42,379, a nearly 10% increase, both marking the highest levels since 2021.

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What Happened When

First half of 2025：: Hong Kong regained the global lead in IPO fundraising.

January 2025 - August 2025：: Hong Kong's property market recorded 50,522 property deals, up 12% from a year earlier, with residential sales reaching 42,379.

July 2025：: Rents rose for an eighth straight month, and the residential rental index hit a six-year high; the Hang Seng Index briefly topped 25,000, its strongest since February 2022.

Mid-July 2025 - early August 2025：: Contracts reflected in August's transaction slowdown were signed; this period was marked by capital outflows after the Hong Kong dollar hit the weak-side convertibility guarantee and extreme weather disruptions.

August 2025：: Monthly property transactions fell 10% from July to 6,462; overall deal value dropped 12.5% to HK$47.8 billion; new private home sales slipped 5.1% to 1,774 units; secondhand deals fell 10% to 3,294.