After many years of adjustment, the hong kong building city “returned in volume prices” in 2025 and finally returned to the dawn。
According to china's statistics, in 2025 there were approximately 628 million registered residential buildings in hong kong, amounting to approximately $519. 8 billion, an increase of 18. 3 per cent and 14. 4 per cent, respectively; both the number of transactions and the amount have risen to four years since 2021。
Among them, the new housing market continued to climb with a total of 2. 06 million transactions in 2025, an increase of more than 20 per cent over the same period and a return of 20,000 cases, a rise of about 22. 557 billion yuan since 2019, an increase of 8. 2 per cent over the same period and a rise of 2021。
The second-hand market is also up and running. According to the above-mentioned data, 39,843 second-hand houses were opened in 2025, totalling $29,1. 720 billion, a four-year increase since 2021。
While the turnover continued to rise, there was a marked rebound in the price of the building. The director of finance of the government of the hong kong sar, chen mobo, mentioned in his recent bulletin that hong kong's property market continued to be active in 2025, with the number of purchases and purchases in the previous 11 months approaching 57,000, rising by about 16 per cent annually; building prices rose by about 3 per cent and rents by about 4 per cent; and the market generally expected positive prospects for residential buildings. The industry believes that the hong kong market has now passed the bottom stage。
The pace of the drive has also been stepped up by major developers. According to china's real estate statistics, more than 40 new offers entered the market throughout 2025 in the form of bills or tenders. First financial reporters have learned from a number of developers that the subscriptions to the project were generally more favourable in 2025。
In december 2025, the new world development introduced the west nine heavy steel housing project, austin bohemian, a total of 63 units, with a maximum of hk$290,000 per square metre (almost hk$27,000 per square metre per unit) sold; and the hong kong-based homes project, king state pavilia, also sold a total of 388 units at the end of the month。
The sieerra sea project, under the banner of the new hong kong base, which led to the sale of issue no. 1a in april 2025, led to the purchase of more than 37,000 votes in the first round of sales, with 116 times the oversubscribement, making it “the ticket taker” in 2025. The project gained market popularity in two sales promotions in january this year, with 213 and 229 items sold in two rounds, collecting 42,000 and 49,000 tickets, respectively, with a higher innovation。
It was also revealed that a total of 2424 housing units were sold throughout 2025, with a high volume of contracts in recent years. In december of the same year, 141 groups were sold for new rolls for the month, and six more were bought by clients. In addition, there is a significant proportion of investors in the capt. Capt. Project, with an overall share of investors of over 30 per cent。
This recovery in the hong kong building market is the result of a combination of multiple factors. The chairman of the combustion hong kong has recently publicly stated that he believes that the hong kong city has reached its bottom, as interest rates have fallen and interest rates have fallen accordingly. The return on rents may be relatively good. The fall in interest rates has also led to lower financial pressure on developers to deliver goods at lower prices than in the past. Most importantly, the emergence of new buyers from the interior has improved the climate in the residential market。
The transaction data also reveal the support provided to the hong kong market by home buyers. According to data from china's original properties, more than 13,500 dictum buyers entered the city in 2025, up by more than 10 per cent from 11,631 in 2024, exceeding 10,000 in two consecutive years, amounting to $136. 4 billion, both of which are at a record high since 1995. Out of this amount, the purchaser of mandarin spellings invested about hk$78. 9 billion in the new housing market, or more than half. The number of transactions was also the first to exceed 6,000。
After hong kong's “sickening” in early 2024, there was an increase in the number of arrivals from mainland china, and since then, there has been an increase in the number of arrivals and higher demand, as a result of the overlapping of the policy of excellence and the expansion of tertiary institutions. In recognition of this demand, intermediaries are also strengthening their business linkages with hong kong and encouraging mainland clients to visit hong kong. Journalists were informed that in 2025, a total of 78 transactions to purchase housing in shenzhen resulted in transfers, an odd increase of 70 per cent over the previous year。
Can this trend continue? The market is generally optimistic about the city of hong kong in 2026. In a recent report issued by morgan stanley, it was clear that hong kong housing prices were expected to rise by 10 per cent this year。
Guo ziwei, the chief manager of the firm, is also optimistic. He stated that economic growth in hong kong had been boosted, stock and building markets were in a positive cycle, and the demand for high net value people continued to be released; the off-shore talent policy dividend, which had led to domestic buyers entering the market, combined with the “salary over rent” effect, had created a strong demand base for the building market。
It is also expected that hong kong building city will continue to develop smoothly and in good health in 2026. “as hong kong has more positive factors than challenges, there is positive confidence in the whole city.” he mentioned that multiple beneficial factors are expected to continue to be a strong focus of the hong kong building market this year, including the continued high stock market leading to capital inflows; that the market expects that the united states will still have interest-rate space this year to ease the burden of buying and selling buildings; and that the northern metropolitan details will be further implemented to boost hong kong's industrial and economic development to the benefit of the whole city。
