426.9 billion Hong Kong dollars! Mainland buyers go on a buying spree for Hong Kong properties in the first quarter, setting new records in both number of transactions and total amount.

Analyst Chan Chung Hong of Midland Realty stated that, according to data from the Land Registry compiled by Midland Realty Research Center, in the first quarter of 2026, the number of mainland Chinese buyers registering for Hong Kong primary and secondary residential properties totaled 3,882 transactions with a total value of approximately 42.69 billion Hong Kong dollars. This represents an increase of approximately 52.5% in terms of transaction volume and approximately 92.8% in terms of value compared to the same period last year, setting new highs in both transaction volume and transaction value. Chan Chung Hong pointed out that mainland Chinese buyers continue to actively enter the market. If we look at monthly data, the number of residential property registrations involving mainland Chinese buyers has exceeded one thousand transactions for 13 consecutive months, with the transaction amount surpassing one hundred billion Hong Kong dollars for 10 consecutive months, the longest streak since records began in 2010. He stated that with the continued strength of the Renminbi, coupled with the steady increase in property prices in Hong Kong and high residential property rental yields, the attractiveness of Hong Kong property assets has increased, and it is expected that mainland Chinese buyers will continue to actively enter the Hong Kong property market. He mentioned that in the first quarter of this year, mainland Chinese buyers collectively invested approximately 42.69 billion Hong Kong dollars, with the amount of primary properties reaching around 24.66 billion Hong Kong dollars, significantly higher than the roughly 18.04 billion Hong Kong dollars invested in secondary residential properties during the same period, showing a clear preference of mainland Chinese buyers towards primary properties. In terms of primary properties, in the first quarter of this year, the new project with the highest investment amount by mainland Chinese buyers was SIERRA SEA in West Kowloon (approximately 1.353 billion Hong Kong dollars), followed by The Summa in Central (approximately 1.015 billion Hong Kong dollars), and The Royal in Mid-levels West (approximately 1.006 billion Hong Kong dollars). Among the top ten new projects with the highest investment amount by mainland Chinese buyers, four are located in the Kowloon East district, including Victoria Harbourfront (approximately 866 million Hong Kong dollars), The Peak in the Sky (approximately 722 million Hong Kong dollars), Sky Horizon (approximately 686 million Hong Kong dollars), and The Peak in the Sea (approximately 671 million Hong Kong dollars), proving that new projects in Kowloon East are highly sought after by mainland funds. As for secondary properties, among the top ten estates with the highest investment amount by mainland Chinese buyers in the first quarter of this year, The Cullinan (approximately 510 million Hong Kong dollars), Discovery Bay (approximately 280 million Hong Kong dollars), Bel-Air On The Peak (approximately 261 million Hong Kong dollars), City One (approximately 240 million Hong Kong dollars), Cityplaza (approximately 211 million Hong Kong dollars), and Park Island (approximately 202 million Hong Kong dollars) all saw investments exceeding 200 million Hong Kong dollars. It is evident that properties in the secondary market that attract more investment are often in relatively new estates, while traditional estates see relatively fewer transactions.