Hong Kong's land registry reported 8,537 property sale contracts in May, marking the second month above 8,000 and the first consecutive strong market in five years. Residential sales also saw a significant year-on-year increase.
Hong Kong's property market is showing signs of improvement, with residential prices expected to rise in 2026 due to lower mortgage rates and demand from mainland China. Lived-in home prices reached a 28-month high in March, and overall home sales climbed significantly in April.
Sun Hung Kai Properties' project in Hong Kong's New Territories saw hundreds of buyers, with 121 flats sold out despite a price increase, indicating strong market confidence and a sustained upward cycle.
