Hong Kong Home Sales Hit Four-Year High as Buyers Return
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Residence Bel-Air in the Pok Fu Lam district of Hong Kong.
Hong Kong’s housing market rebounded sharply in 2025, with home sales hitting a four-year high amid low interest rates, a rising stock market and supportive policies.
Property consultancy Cushman & Wakefield Inc. expects total residential transactions to reach 62,000 this year, up 17% from 2024 and the highest since 2021. Market forecasts generally see home prices continuing to rise in 2026, though most expect gains to stay within 5%.
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- Hong Kong’s 2025 home sales hit a four-year high, with transactions expected to reach 62,000, up 17% from 2024.
- Home prices rose 1.8% January–October 2025, rents up 4%, driven by low rates, rising stocks, and policy support; units priced HK$4–6 million made up over 60% of sales.
- 2026 price gains are expected below 5% by most, though some predict up to 15%.
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Who’s Who
- Cushman & Wakefield Inc.
- Cushman & Wakefield Inc. is a property consultancy firm. Their Hong Kong head of research, Rosanna Tang, noted that low borrowing costs and rising equity markets have boosted buyer sentiment, with units priced between HK$4 million and HK$6 million driving over 60% of 2025 transactions. Edgar Lai, Senior Director of the valuation and advisory team, observed a revival in the high-end market.
- Centaline Property Agency Ltd.
- Centaline Property Agency Ltd. (中原地产代理有限公司) is a source for real estate transaction data. The firm reported that new home transactions reached 18,794 in Hong Kong during the first 11 months of 2025, anticipating a total of 20,000 for the year, which would be the highest since 2019. This suggests a significant rebound in the housing market.
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What Happened When
- January 2025 to October 2025：
- Home prices in Hong Kong are up 1.8%.
- March 2025：
- Monthly home sales in Hong Kong begin to exceed 5,000, starting a streak of at least nine consecutive months above this level.
- March 2025 to October 2025：
- Residential property price index in Hong Kong rises 3.3%.
- First 10 months of 2025：
- Rents in Hong Kong climb 4%.
- First 11 months of 2025：
- New home transactions in Hong Kong reach 18,794.
- Fourth quarter of 2025：
- Average prices at Residence Bel-Air on Hong Kong Island rise 6.1% quarter-on-quarter.
- By end of 2025：
- New home transactions in Hong Kong are projected to reach 20,000, the highest since 2019.
- 2025：
- Total residential property transactions in Hong Kong expected to reach 62,000, up 17% from 2024 and the highest since 2021.
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