Ricacorp: 462 commercial property transactions recorded in Hong Kong in September, up 13.5% month-on-month.

Ricacorp Properties (industrial and commercial) director Wong Ying-nin said that overall sales and purchase registrations for Hong Kong's industrial and commercial properties showed renewed upward momentum in September after going through the earlier summer off-season and a period of continued consolidation. According to preliminary provisional figures from the Hong Kong Land Registry, a total of 462 industrial and commercial property sale and purchase registrations were recorded in Hong Kong in September 2026, up 13.5% from 407 in August, successfully halting the decline and rebounding, and marking the third-highest level of the year. As for the total registration value for the month, it recorded HK$4.734 billion, down 2.0% month-on-month, showing a "volume up, prices slightly down" trend. In September, the performance of the three major property categories diverged, with both industrial building and shop registrations rebounding, among which industrial buildings recorded the most notable increase of nearly 43%; office buildings fell back under the impact of consolidation at high levels. Regarding office sales and purchases, Wong Ying-nin pointed out that the office market took a breather for consolidation after hovering at high levels for consecutive months. In September this year, a total of 113 office sale and purchase registrations were recorded for the full month, down 16.9% from 136 in August, falling for two consecutive months and hitting a near-three-month low; office transactions accounted for 24.5% of the total for the month. In terms of total sale and purchase registration value, HK$2.088 billion was recorded in September, down 20.2% month-on-month, also falling for two consecutive months and the lowest in nearly four months, mainly because the market lacked the support of concentrated registrations of large lump-sum new projects as in previous months. Ricacorp Properties (industrial and commercial) senior business director of the industrial and commercial department Chu Leung-hang said that industrial building sales and purchases rebounded significantly after emerging from the summer off-season, returning to a level above 200 transactions. Data showed that 244 industrial building sale and purchase registrations were recorded in September, up 42.7% from 171 in August, staging a strong rebound after two consecutive months of decline and hitting a near-three-month high; industrial building registrations rose back to 52.8% of the overall industrial and commercial property total for the month, an increase of 10.8 percentage points from 42% in August. However, in the absence of large lump-sum transactions, the total industrial building registration value in September recorded HK$1.095 billion, down 16.9% month-on-month, falling for two consecutive months and the lowest in nearly four months; the average price per industrial building transaction for the month fell to about HK$4.488 million. Regarding shop performance, Ricacorp Properties (industrial and commercial) senior business director of the shop, commercial and investment department Cheng Tak-ming pointed out that shop sale and purchase registrations resumed their upward track, continuing to consolidate within a narrow range at the 100-transaction level. Data showed that as the summer travel factor faded and transactions warmed up, a total of 105 shop sale and purchase registrations were recorded in September this year, up 5.0% from 100 in August, holding steady at the 100-transaction level for three consecutive months and hitting a near-four-month high. In addition, driven by some medium- and high-priced shop transactions during the month, the total shop registration value surged 72.5% from a low base, returning above the HK$1 billion mark to record HK$1.551 billion, also the highest in nearly four months.