<div id="readability-page-1">Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city’s real estate sector amid uncertainties over interest rates and the US-Israel war on Iran. A total of 8,692 transactions across homes, offices, shops, car parking spots and industrial spaces were concluded last month, up 12.3 per cent from March’s 7,737 deals, according to data released on Tuesday by the Land Registry. The total sales value rose 17 per cent to about HK$72.9 billion (US$9.3 billion). Sales of new and second-hand residential units climbed 16.7 per cent month on month to 7,368 in April, the highest since April 2024 when 8,551 units were sold, the data showed. The sales value in April increased about 15.4 per cent over March to HK$63.67 billion. “The number of new home sales registrations has rebounded significantly, coupled with stable performance in the secondary market and commercial and industrial properties, resulting in a continued boom in the market,” said Derek Chan Hoi-chiu, head of research at Ricacorp Properties. Given the strong sales of new homes in recent weeks, Chan estimated that primary residential transactions in May could exceed 4,300, boosting overall property deals to about 8,730.  A steady recovery in the city’s residential market was spurring a wider recovery for the city’s office and retail segments, according to Morgan Stanley. On Monday, the US investment bank upgraded its forecast for the city’s home prices to a 12 per cent increase this year from 10 per cent previously, and anticipated another 5 per cent rise in 2027, it said in a report. Morgan Stanley added that the office segment was likely to see some relief with Central district poised to command rent increases of 5 per cent from the previous estimate of 3 per cent. Retail rents were tipped to turn positive by year-end but would still likely log a yearly decline of 3 per cent, compared with a 10 per cent drop in 2025. Last week, the Hong Kong Monetary Authority reiterated its warning over the uncertain direction of interest rates amid ongoing tensions in the Middle East that have disrupted oil supplies across the world. The city’s de facto central bank said US interest-rate movements were affected by the conflict in Iran, which had led to higher oil prices and thereby impacted consumer prices. Despite a ceasefire since last month, analysts have forecast that the war would reduce the chances of a rate cut this year. Hong Kong’s monetary policy moves in lockstep with the US to maintain the local currency’s peg to the dollar. Morningstar was now expecting a single rate cut this year instead of two, while JPMorgan Chase forecast a rate pause over the next four quarters. </div>

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<p>Hong Kong's property market saw a significant surge in April, with transactions reaching a four-month high and home sales hitting a 24-month peak. A total of 8,692 transactions were recorded, a 12.3% increase from March, with total sales value rising 17% to HK$72.9 billion. New and second-hand residential sales rose 16.7% month-on-month. Analysts predict continued growth, with Morgan Stanley upgrading its home price forecast to a 12% increase this year. Despite uncertainties over interest rates and geopolitical tensions, the market shows resilience and recovery across various segments.</p>

SCMP

Hang Seng Index

ISHARESHSI

China Southern Hang Seng ETF

Morgan Stanley

Morningstar

JPMorgan Chase

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Hong Kong home sales surge to 2-year high, boosting overall transactions