BUSINESS

Mainland Buyers Pour $5 Billion Into Hong Kong Homes in Third Quarter

Published: Oct. 20, 2025 10:22 p.m. GMT+8

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Housing prices in Hong Kong remain 27.5% below their peak in September 2021

Buyers from the Chinese mainland are playing an increasingly pivotal role in reviving Hong Kong’s residential property market, accounting for roughly a quarter of all private home sales in the third quarter.

According to figures released Monday by Centaline Property Agency Ltd., mainland buyers — identified through the Mandarin spelling of their names on official registrations — completed 3,797 transactions across both primary and secondary markets, a 6.7% increase from the previous quarter.

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This is an AI-generated English rendering of original reporting or commentary published by Caixin Media. In the event of any discrepancies, the Chinese version shall prevail.

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Mainland Chinese buyers accounted for 25% of Hong Kong's private home sales in Q3 2024, with transactions rising 6.7% to 3,797 and total value up 14% to HK$38 billion.
The Hong Kong government scrapped all demand-side property restrictions in February 2024, lowering barriers for mainland buyers.
Housing prices remain 27.5% below the 2021 peak despite recent rebounds, with strong rental demand from nearly 220,000 new skilled migrants since early 2023.

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Who’s Who

Centaline Property Agency Ltd.: Centaline Property Agency Ltd. (中原地产代理有限公司) is a source of figures on Hong Kong's residential property market. Their data indicates that mainland buyers are increasingly significant, accounting for roughly a quarter of private home sales in Q3. Louis Chan, vice chairman of Centaline's Asia-Pacific residential division, believes Hong Kong residential prices have bottomed out and are rebounding.

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