Lee Gardens: In May, Hong Kong recorded a total of 344 commercial property transactions, representing a decrease of 25.7% from the previous month.
In May 2025, Hong Kong recorded a total of 344 transactions of commercial properties for sale, a decrease of 25.7% compared to the 463 transactions in April, marking the lowest number in nearly 3 months.
Ricacorp Properties Director of Commercial Properties Hung Ying-nin stated that the shadow of the US-China trade war has not dispersed, coupled with significant volatility in global stock markets in mid-April, causing the previously warming commercial property market to cool again. According to preliminary provisional figures from the Hong Kong Land Registry, in May 2025, there were a total of 344 registrations of commercial property transactions in Hong Kong, a decrease of 25.7% from April's 463 registrations, marking the lowest in nearly 3 months; the total value of registrations for the month reached HK$ 91.85 billion, a significant increase of 91.3% month-on-month, mainly driven by the registration of a massive HK$ 5.65 billion purchase of 9 floors of a trading plaza by the Hong Kong Stock Exchange.
The registration volume for the three main categories of properties in May increased by 21%, with industrial buildings experiencing the largest drop of nearly 40%, while shopping malls and shops saw declines of 21.1% and a slight increase of 3.5%, respectively. Due to the lag in registration numbers by about half to one month, with an improvement in market sentiment in late May, it is expected that registration numbers for June will rebound.
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