According to "Hong Kong House," the number of registered transactions for foreign houses in Hong Kong last year increased by over 40% year-on-year, with a total transaction value of HKD 28.809 billion
Yang Mingyi, Senior Co-Director of the Research Department at Centaline Property, pointed out that in 2025, the total number of sales and purchase agreements for western-style houses recorded 624, with a total value of HKD 28.809 billion, representing year-on-year increases of 43.8% and 22%, respectively, reaching a four-year high. Among them, transactions valued at HKD 100 million or above recorded 73 cases and HKD 16.991 billion, with year-on-year increases of 52.1% and 15.7%.
In the primary market, the number of sales and purchases recorded 72 cases and HKD 10.483 billion in 2025, representing year-on-year increases of 7.5% and a decrease of 22.4%, with the number of transactions reaching a three-year high. Among them, transactions valued at HKD 100 million or above recorded 35 cases and HKD 8.378 billion, with year-on-year increases of 2.9% and a decrease of 28.1%, reflecting the rarity of new supply of western-style houses and developers' reluctance to sell, resulting in primary market transactions falling below 100 cases for four consecutive years. Due to the decrease in transactions of high-value new developments in 2025, the primary market value has declined.
In the secondary market, the number of sales and purchases recorded 552 cases and HKD 18.327 billion in 2025, representing significant year-on-year increases of 50.4% and 81.5%. The number of transactions reached a four-year high, and the total value reached a 14-year high. Among them, transactions valued at HKD 100 million or above recorded 38 cases and HKD 8.613 billion, with year-on-year increases of 1.7 times and 1.8 times, respectively. The increase in secondary market value was higher than the number of transactions, driven by multiple high-value registrations, indicating strong support for quality secondary western-style houses from users and investors, stimulating activity in the secondary market.
In 2025, there were 5 registrations of high-priced western-style house transactions valued at HKD 500 million, a decrease of 2 cases year-on-year, of which 4 cases were primary transactions. The highest amount was for 1 Gough Hill Road, sold for HKD 1.088 billion in September. The next were Villa C at Yau Ma Tei, with a primary transaction price of HKD 1 billion; 15 Gough Hill Road, with a secondary transaction price of HKD 790 million; 6 Shoushan Road, with a primary transaction price of HKD 579 million; and 77C Shantung Road, with a primary transaction price of HKD 501 million
