In "Hong Kong Property," Centaline: The number of registered primary private residential sale and purchase agreements has exceeded 5,000 for three consecutive quarters

Yang Ming-yi, Senior Joint Director of the Research Department at Centaline Property, pointed out that in 2025, the total number of first-hand private residential sale and purchase agreements recorded was 20,525, with a total transaction amount reaching HKD 225.55 billion, representing increases of 21.7% and 8.2% respectively compared to 16,869 agreements and HKD 208.47 billion in 2024, marking a new high in nearly six years. Yang Ming-yi noted that the trade war at the beginning of the year caused market fluctuations, but from May onwards, the interbank interest rate dropped sharply and remained low. In September, the U.S. restarted its interest rate reduction cycle, and the Hang Seng Index rebounded to 27,000 points, significantly boosting the atmosphere in the property market. Developers accelerated their launches, with both new projects and leftover units recording ideal sales performance, with the number of registrations exceeding 5,000 for three consecutive quarters, stimulating the total number of first-hand residential sale registrations to rise for three years in a row, returning to a high of over 20,000 units and reaching a new high since 2019.

In the fourth quarter of 2025, 5,577 first-hand residential sale and purchase agreements were recorded, with a total transaction amount of HKD 68.43 billion. The number of agreements slightly decreased by 1.6% compared to the previous quarter, but the amount increased by 12%. As the stock market continued to improve and local interest rates peaked, the atmosphere in the property market further warmed, and developers expected future sales to balance both volume and price. Centaline predicts that the number of first-hand residential sale registrations in 2026 will remain at around 20,000 units.

Based on the sales amount of new projects registered by developers in 2025, Sun Hung Kai Properties (00016.HK) ranked first, recording a sales amount of HKD 34.586 billion and 3,720 registrations; Henderson Land Development (00012.HK) followed closely with HKD 22.673 billion and 2,267 transactions; New World Development (00017.HK) recorded HKD 20.539 billion and 1,566 registrations; and SINO LAND (00083.HK) recorded HKD 16.311 billion and 1,920 transactions