In January, there were 7638 property transactions registered in Hong Kong. It is expected that the number may surpass 9000 in February.

Chen Haichao, head of the research department of Ricacorp Properties, pointed out that in the relatively quiet market during the year-end turnover, the number of property transactions in January continued to remain high at over 7,500 transactions, reflecting the strong momentum of the property market. After a brief pause, the market is expected to remain optimistic. The latest data from the Land Registry shows that there were a total of 7,638 property transactions recorded in January 2026 (the numbers mainly reflect the actual market conditions from mid-December to early January), a 15% decrease from the 9,010 transactions in December of the previous year, but still the second-highest level in the past 14 months. The overall value of property transactions in the month also decreased by 15%, recording HK$573.35 billion, the lowest level in nearly 4 months. Looking at residential properties, although the number of first-hand private residential transactions has declined for 3 consecutive months to a 11-month low, it has remained stable at over a thousand transactions for 11 consecutive months. In summary, 1,496 first-hand private residential transactions were recorded in January, a decrease of 11% compared to the previous month; the total value of transactions also decreased by 7%, recording HK$190.28 billion, the lowest in nearly 5 months. The top three private residential developments with the highest number of transactions in January were Park YOHO Genova (156 transactions), SIERRA SEA Phase 2A (90 transactions), and Kai Tak Bay Phase 1 (71 transactions). In addition, there were also about 526 transactions for HOS new development in Kwun Tong Jun Yim Court, continuing to drive the overall number of first-hand residential transactions to exceed 2,000 for consecutive months. As for the second-hand private residential market, trading remained strong, maintaining at over 3,000 units for 10 consecutive months, reflecting strong purchasing power, and once again driving a large number of second-hand private residential transactions in January, recording 3,748 transactions, which is almost the same as the 3,778 transactions in the previous month, the second highest in nearly 21 months; the total value of transactions in the month also slightly decreased by 4%, recording HK$284.33 billion, which is also the second highest in 21 months. As for the non-residential market, there was a significant decrease last month due to a large number of parking spaces and shop transactions in the previous month, which inflated the base number, but after the hot selling period, the market returned to normal in the previous month. In summary, the overall number of commercial and other property transactions in January decreased sharply by 30% month-on-month, recording 828 transactions; and the total value of transactions in the month halved (a decrease of 53%), recording only HK$40.59 billion, mainly due to the large number of transactions for two major commercial buildings totaling around HK$30 billion in the previous month, which inflated the base number. Chen Haichao stated that the overall property market atmosphere has clearly improved, with positive developments in the economy and stock market, coupled with steady price increases, encouraging buyers of all kinds to accelerate their market entry pace before the Chinese New Year. It is expected that the number of property transactions in February will increase by over 16%, reaching around 8,890 transactions, and may even approach the 9,000 mark again, ushering in the first wave of spring sentiment before and after the Lunar New Year.