During the first weekend of the New Year, "Hong Kong Property" recorded 50 new property transactions, while second-hand trading declined

On the first weekend of 2026, primary developers actively pushed sales, recording approximately 50 new property transactions over two days. Among them, Sino Land (00083.HK) and China Overseas (00688.HK) in collaboration with K Wah International (00173.HK) saw 7 transactions for their completed project, the Pak Long series on Kam Sheung Road, cashing out nearly HKD 52.8 million; the unit with the highest transaction price was Unit A6 on the 16th floor of Block III, with a usable area of 467 square feet, a two-bedroom layout, and a transaction price exceeding HKD 7.79 million, at a price per square foot of HKD 16,688.

Additionally, New World Development (00017.HK) partnered with Empire Group, Capital Strategy (00497.HK), Lih Sing (00488.HK), and MTR Corporation (00066.HK) for the Wong Chuk Hang project, which also sold 2 units over the weekend, cashing out over HKD 24 million, including Unit H on the 38th floor of Block II, with a usable area of 494 square feet, sold for HKD 12.332 million, at a price per square foot of HKD 24,964. Vanke Hong Kong's Tai Po project sold 7 units over the weekend, cashing out more than HKD 43 million.

Sun Hung Kai Properties (00016.HK) recently began accepting applications for the second phase of SIERRA SEA in West Sa Wan, and as of yesterday (the 4th), over 16,000 purchase intention registrations had been recorded, with the first two price lists accounting for 221 units, oversubscribed by 71 times.

In the secondary market, Centaline Property's Asia Pacific Vice Chairman and Residential Department President, Chan Wing Kit, stated that due to the holiday effect, the transaction performance of the top ten housing estates in the first weekend of 2026 remained stable, with no significant increase observed. Additionally, the restrained pricing of the new project in West Sa Wan further diverted attention from the secondary market, and it is believed that transactions will gradually rebound. Centaline's data showed that the top ten housing estates recorded 8 transactions over the past weekend, a week-on-week decrease of 38.5%.

According to Midland Realty's branch statistics, the top ten secondary housing estates recorded approximately 12 transactions over the weekend, down about 20% from 15 transactions the previous weekend, but still maintained a double-digit activity level for two consecutive weekends. If considering the top 15 housing estates, approximately 15 transactions were recorded, a decrease of about 11.8% from 17 transactions the previous weekend.

Midland Realty Senior Director, Bo Siu Ming, stated that the launch of multiple new projects is expected to stimulate the release of previously accumulated purchasing power, boosting market sentiment and willingness to enter the market. It is anticipated that as holiday factors dissipate, secondary market transactions will gradually return to normal, with property prices continuing to receive support and recording increases.

Data from Hong Kong Property showed that the top ten benchmark secondary housing estates recorded approximately 7 transactions over the weekend, a slight drop of 1 transaction or 12.5% from the 8 transactions the previous weekend, with overall transaction performance remaining stable, although 7 estates recorded no transactions.

Ricacorp Properties reported that the top ten benchmark estates recorded 9 secondary transactions over the past weekend, a week-on-week decrease of 4 transactions or about 31%, returning to a high single-digit level