Regal Peak: Hong Kong commercial property transactions reached 416 in March, hitting an 8-month high with a total registration value of HKD 61.24 billion, nearly doubling.

Ricacorp Properties (Commercial Properties) Real Estate Director Wong Ying-nin said that the registration volume in March, reflecting the market conditions during the Lunar New Year, showed an ideal increase, indicating that the commercial properties market is expected to further recover. According to preliminary temporary figures from the Land Registry, a total of 416 commercial property transactions were recorded in Hong Kong in March 2026, an increase of 14.6% compared to Februarys 363 transactions, marking the busiest month in nearly eight months; with a total registration value of HK$61.24 billion, nearly 1.33 times higher than the previous month, mainly driven by the registration of large shopping centers. The registration volume of properties in all three major categories saw an increase in March, with shopping centers showing the highest increase of over 20%, followed by industrial buildings at nearly 16%, and shops with a slight increase of 7%. Ricacorp Properties (Commercial Properties) Real Estate - Senior Executive Director of Commercial Department Zhu Liang-heng pointed out that the increasing trend of industrial building transactions has continued for four consecutive months, surpassing 200 transactions for the first time in eight months. Data shows that in March, there were 225 industrial building transactions, the highest in nearly 14 months, with an increase of nearly 16% month-on-month; industrial building transactions accounted for 54.1%, an increase of 0.7 percentage points from February's 53.4%. The total value of industrial building transactions in March was HK$14.78 billion, a significant increase of 27.1% compared to before, reaching a new high for the year, with an average price per transaction of approximately HK$6.57 million. Regarding shopping centers, Wong Ying-nin stated that the registration volume has stabilized and increased by more than 20% month-on-month. In March, a total of 85 shopping center transactions were recorded, an increase of 21.4% or 15 transactions from February, gradually stabilizing and recovering; the total value of shopping center transactions in March increased nearly 4.6 times, recording HK$34.17 billion, the highest in nearly three months, mainly due to the registration of several large shopping centers worth millions of dollars. In terms of shop performance, Ricacorp Properties (Commercial Properties) Real Estate - Senior Executive Director of Shops, Commercial and Investment Department Cheng Dak-ming pointed out that after a three-month gap, shop transactions have exceeded one hundred for the first time after two consecutive months of increases. Data shows that in March, a total of 106 shop transactions were recorded, an increase of 7.1% month-on-month, showing stable performance; the total value of shop transactions increased sharply by 43.9%, recording HK$12.30 billion, surpassing the ten billion mark and reaching the second-highest level of the year, showing a trend of simultaneous increase in volume and value.