Meilin: Mainland buyers continue to enter the market, with the transaction amount in the Hong Kong residential market in February increasing by about 23.1% compared to the previous month.

Analyst Sum Chi Kin of Midland Realty pointed out that, according to data from the Land Registry compiled by Midland Realty Research Center, based on the analysis of known buyer names, the number of registrations in the Hong Kong primary and secondary housing market by mainland buyers in February this year (identified by the English spelling of buyer names) totaled 1,365 transactions, with a total amount of approximately 15.58 billion Hong Kong dollars. The number of transactions increased by about 10.4% compared to the previous month, while the amount increased significantly by about 23.1%. It is worth noting that the number of transactions has exceeded one thousand for 12 consecutive months, and the amount has surpassed one hundred billion Hong Kong dollars for 9 consecutive months, setting a record since 2010. This indicates the continuous trend of mainland buyers actively entering the Hong Kong property market. Since 2025, the RMB against the Hong Kong dollar has shown a significant appreciation trend, and with the RMB appreciating, the attractiveness of Hong Kong assets has increased, which is expected to continue to drive mainland buyers to enter the Hong Kong property market. In February this year, mainland buyers invested approximately 15.8 billion Hong Kong dollars in the primary and secondary housing market. In terms of regions, Kai Tak District, which mainland buyers have always favored, ranked first with approximately 24.3 billion Hong Kong dollars; Central and Western District followed closely with approximately 17.5 billion Hong Kong dollars; Sai Kung District ranked third with approximately 10.3 billion Hong Kong dollars; North Point District ranked fourth with approximately 8.8 billion Hong Kong dollars; and Wong Chuk Hang/Deep Water Bay ranked fifth with approximately 7.3 billion Hong Kong dollars. It is noteworthy that in February this year, mainland buyers invested approximately 15.8 billion Hong Kong dollars in the primary and secondary housing market, with the amount of new properties reaching approximately 9.56 billion Hong Kong dollars, accounting for a high proportion of 61.4%, indicating that their purchasing power is concentrated in the new property market and is much higher than that for secondary properties. In terms of new properties, in February, the new project with the highest amount involved by mainland buyers was Sierra Sea in West Sha (approximately 9.8 billion Hong Kong dollars); followed by Tien Yee in West Mid-Levels (approximately 6 billion Hong Kong dollars); and Tseung Yau in North Point (approximately 4.7 billion Hong Kong dollars) in third place. It is worth noting that among the top ten new projects with the highest amount invested by mainland buyers in February, Kai Tak District accounted for 4 projects, including Seaview Crescent (approximately 3.8 billion Hong Kong dollars), The Arora (approximately 3.5 billion Hong Kong dollars), Seaview Crest (approximately 3.4 billion Hong Kong dollars), and Victoria Heights (approximately 2.9 billion Hong Kong dollars), illustrating the status of Kai Tak District as a focus of mainland capital for new properties.