Li Jiage: It is expected that the number of transactions of new properties in Hong Kong in 2026 will reach 22,000, setting a new high in 22 years.

Chen Haichao, head of the research department at Ricacorp Properties, stated that he initially expects the number of first-hand residential property transactions in Hong Kong to increase by over 10% in 2026 compared to last year, reaching a level of 22,000 transactions, marking a 4-year consecutive increase and reaching a 22-year high. He also predicts that the total transaction amount will increase by nearly 15% to around HK$256 billion, with a chance to set a new historical high. Chen Haichao pointed out that the property market in 2025 saw multiple favorable factors, such as the increase in the stamp duty collection ceiling to HK$100, improved stock market and economy, as well as the effects of interest rate cuts and developers releasing new properties at market prices, leading to a 6-year high in new property transactions last year. According to the comprehensive data from the Land Registry compiled by Ricacorp Properties' research department, there were a total of 19,950 first-hand residential property transactions in Hong Kong in 2025, marking a 23% increase year-on-year and a 3-year consecutive increase, reaching a near 6-year high. The total transaction value reached HK$223.06 billion, a 9% increase year-on-year, marking a 3-year consecutive increase and also hitting the highest level in 4 years. The average selling price per transaction for first-hand residential properties last year was approximately HK$11.983 million, a 11.8% decrease compared to the previous year and reaching a near 6-year low.