--- title: "According to \"Hong Kong Property,\" it is expected that the number of first-hand transactions in Hong Kong will exceed 6,000 in the first quarter, with an estimated annual increase in property prices of up to 15%" type: "News" locale: "en" url: "https://longbridge.com/en/news/277579378.md" description: "MIDLAND HOLDING CEO Ma Taiyang stated that the transaction volume of first-hand properties in Hong Kong is expected to exceed 6,000 in the first quarter, with property prices likely to rise by 10% to 15% for the whole year. During the New Year period, the transaction volume of new developments has significantly increased, and market confidence is gradually recovering, mainly driven by expectations of interest rate cuts in the United States, strong residential demand, and a rebound in first-hand transactions. Despite the tense situation in the Middle East, the impact on the Hong Kong property market is expected to be limited and may even attract investors. Overall, the outlook for the Hong Kong property market is optimistic" datetime: "2026-03-03T07:24:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277579378.md) - [en](https://longbridge.com/en/news/277579378.md) - [zh-HK](https://longbridge.com/zh-HK/news/277579378.md) --- # According to "Hong Kong Property," it is expected that the number of first-hand transactions in Hong Kong will exceed 6,000 in the first quarter, with an estimated annual increase in property prices of up to 15% The CEO of Midland Holdings (Residential) and CEO of Hong Kong Property, Mat Tai-yung, pointed out that according to data from the Hong Kong Property Research Center and market news, from the first day to the thirteenth day of the Lunar New Year in the Year of the Horse, the transaction volume of new properties recorded about 334 cases, a significant increase of approximately 50.5% compared to 222 cases during the same period last year in the Year of the Snake, far outperforming last year's figures and setting a five-year high for the same period. Furthermore, developers are actively planning to launch new projects after the New Year, with expectations that multiple new projects will be launched in March. It is estimated that the transaction volume of new properties in March will increase by 70% month-on-month to about 2,400 cases, marking the 14th consecutive month of recording over 1,000 cases; the first quarter's transaction volume is expected to exceed 6,000 cases, creating a quarterly high not seen since the third quarter of 2016 (approximately nine and a half years). Mat Tai-yung noted that the Lunar New Year period has traditionally been a slow season for the property market, with many citizens going out to celebrate. However, this year, the transaction volume of new properties has not only remained stable but has increased compared to the same period last year, reflecting a sustained market atmosphere driven by the hot sales of several new projects before the festival, with pent-up purchasing power being released in an orderly manner. Currently, the property market is supported by three favorable factors: first, the market generally expects the U.S. Federal Reserve to cut interest rates again this year; second, there is strong demand for residential properties in Hong Kong, especially for first-time buyers and those looking to upgrade; third, as the transaction volume of new properties begins to recover, market confidence is gradually being restored, leading to a narrowing of the bargaining space for second-hand property owners. It is hoped that property prices will steadily rise within the year, with an expected annual increase of about 10% to 15%. The worsening situation in the Middle East and ongoing global geopolitical risks remain, however, past instances of Middle Eastern wars have not significantly impacted the Hong Kong property market. It is believed that the Hong Kong property market is more influenced by factors such as interest rates, supply, and the economy. Currently, the turmoil in the Middle East may only have a short-term impact on the stock market, without hindering the upward momentum of the Hong Kong property market, and some investors even view Hong Kong as a safe haven. Conversely, the "Two Sessions" in China will be held this week, and the market generally expects policies to be introduced to "stabilize growth and promote domestic demand." In the context of further integration between Hong Kong and the mainland, it is believed that this will bring stability to confidence in Hong Kong's economy and property market. Additionally, the advantage of the exchange rate not only accelerates the decision-making process of mainland buyers but also enhances the purchasing power of mainland tourists, indirectly stimulating the recovery of local tourism, retail, and hotel industries, creating a positive economic cycle that further solidifies the foundation for the property market's recovery. Mat Tai-yung expressed full confidence in the performance of the property market this year. To this end, Hong Kong Property has developed a clear business expansion strategy and plans to open two new branches in the Tung Chung area in the first quarter to comprehensively expand its service network, aiming to seize market opportunities and increase its market share in the second-hand residential market in the area. With the continuous increase in demand for upgrading and first-time purchases in the area, there is significant development potential. In the future, the group will continue to assess the situation and expand its service footprint at the appropriate time. Moreover, after the announcement of the "Budget," Hong Kong Property conducted its first-quarter "Property Intent Survey," successfully collecting nearly 200 valid questionnaires. The survey showed that about 87.8% of respondents indicated that the new budget either increased their confidence in property purchases or had no impact on their confidence, reflecting a cautiously optimistic outlook among citizens regarding the property market. The survey also indicated that approximately 78.2% of respondents believe that property prices will develop steadily and positively over the next 12 months, marking the second-highest level recorded since the second quarter of 2016 and maintaining a majority for three consecutive quarters ### Related Stocks - [01200.HK](https://longbridge.com/en/quote/01200.HK.md) ## Related News & Research - [Attack by Russian forces hits homes in Dnipro, causing fires and injuring five people.](https://longbridge.com/en/news/282916017.md) - [ZAWYA: Aldar launches the first phase of Yas Park Place, bringing a new collection of homes to the heart of Yas Island](https://longbridge.com/en/news/282642938.md) - [Tustin approves entitlements for Kingsbarn Cypress Grove residential community](https://longbridge.com/en/news/282898415.md) - [09:01 ETParks Associates Announces Smart Spaces Advisory Board and Second Annual Property Innovation Awards](https://longbridge.com/en/news/282850134.md) - [06:05 ETSenné Expands Its Greater Boston Team with New Agents](https://longbridge.com/en/news/282523109.md)