
Deal volumes fell month-on-month, but recent sell-outs and rising market sentiment fuel expectations of a ‘mini-boom’ during the festive period
Hong Kong’s property market showed a modest slowdown in January, with overall transaction volumes dipping compared with the final month of 2025, official figures indicate.
Registered deals covering residential, commercial, industrial and parking units fell 15.2 per cent from December to 7,631 agreements, while the total consideration of these transactions declined 12 per cent to approximately HK$57.25 billion (about US$7.3 billion).
Residential sales in particular edged down 3.6 per cent month-on-month to 5,669 deals, reflecting a short lull in activity at the start of the year.
On a year-on-year basis, however, the figures tell a markedly different story.
Total transactions jumped 54.5 per cent compared with January 2025, and the monetary value of deals surged 55.8 per cent, underscoring robust demand over the past twelve months.
Analysts and agents are optimistic that purchasing momentum will accelerate into the Lunar New Year period, traditionally a peak season for real estate transactions and interstate travel, buoyed by strong market sentiment and recent sell-outs in the primary market.
A key indicator of renewed enthusiasm has been the performance of new developments.
All five sales rounds at the Sierra Sea project — a major residential development by Sun Hung Kai Properties in Shap Sze Heung between Sai Kung and Ma On Shan — have sold out, comprising more than 1,200 units launched so far this year and marking it as the city’s largest housing project since 1999.
Agents note that positive macroeconomic signals, including a resilient stock market and improving economic sentiment, are prompting buyers to enter the market ahead of the festive break.
Combined with a broader rebound in home prices and rental rates reported in recent months, the market is showing signs of strengthening as domestic and cross-border demand converge.
Registered deals covering residential, commercial, industrial and parking units fell 15.2 per cent from December to 7,631 agreements, while the total consideration of these transactions declined 12 per cent to approximately HK$57.25 billion (about US$7.3 billion).
Residential sales in particular edged down 3.6 per cent month-on-month to 5,669 deals, reflecting a short lull in activity at the start of the year.
On a year-on-year basis, however, the figures tell a markedly different story.
Total transactions jumped 54.5 per cent compared with January 2025, and the monetary value of deals surged 55.8 per cent, underscoring robust demand over the past twelve months.
Analysts and agents are optimistic that purchasing momentum will accelerate into the Lunar New Year period, traditionally a peak season for real estate transactions and interstate travel, buoyed by strong market sentiment and recent sell-outs in the primary market.
A key indicator of renewed enthusiasm has been the performance of new developments.
All five sales rounds at the Sierra Sea project — a major residential development by Sun Hung Kai Properties in Shap Sze Heung between Sai Kung and Ma On Shan — have sold out, comprising more than 1,200 units launched so far this year and marking it as the city’s largest housing project since 1999.
Agents note that positive macroeconomic signals, including a resilient stock market and improving economic sentiment, are prompting buyers to enter the market ahead of the festive break.
Combined with a broader rebound in home prices and rental rates reported in recent months, the market is showing signs of strengthening as domestic and cross-border demand converge.










































