This year, property prices in Hong Kong are expected to increase by more than 10%, with an estimated 11,300 transactions in the first half of the year.

In the first quarter of 2026, the Hong Kong property market continued to rise, with both first-hand and second-hand residential transactions improving at the same time, and residential property prices increasing. Transactions of commercial properties also saw a year-on-year increase. David Martin, CEO of Midland Holdings (Residential) and CEO of MLS (Commercial), predicted that with the continued strong performance of first-hand properties, there will be approximately 11,300 first-hand transactions in the first half of 2026, reaching a new high for the same period in 7 years; second-hand residential transactions are estimated to reach 26,600 units, hitting a 5-year high. In terms of property prices in Hong Kong, he expressed that the earlier prediction of a 10% increase this year is likely to be surpassed. Regarding the commercial property market, he estimated that the overall registration of commercial properties in Hong Kong in the first half of this year will be approximately 2,356 units, a year-on-year increase of about 3%, reaching a new high for the same period in 3 years. Transactions of office buildings are expected to continue benefiting from the stable demand from the financial and education sectors, with a forecasted registration volume of about 572 units in the first half of the year, representing a 4.3% year-on-year increase and reaching a 5-year high. The most significant increase in transactions is expected in the retail sector, with a predicted registration volume of about 595 units in the first half of the year, a year-on-year increase of over 17% and reaching a 4-year high, benefiting from the recovery of Hong Kong's tourism sector. According to data from the Land Registry, the overall property transactions (including residential and non-residential properties) in Hong Kong in the first quarter reached 23,292 units, a significant year-on-year increase of about 46.4% to a new high for the same period in 13 years; while the total registration of commercial properties also reached 1,156 units, an 8.5% year-on-year increase and a 4-year high. The "MLS Property Price Index" rose by 4.57% in the first quarter, reaching a new high for the same period in nearly 3 years and the second highest in nearly 8 years. As of April, the property prices continued to rise, with the latest "MLS Property Price Index" reported at 143.37 points, further increasing by 6.43% since the beginning of the year, a larger increase compared to the 5.14% increase for the whole of last year, reaching a new high for almost 2 and a half years. Meanwhile, the Hong Kong government's efforts to attract talent in recent years have been effective, with various professionals, high-caliber individuals, and mainland students continuing to flock to Hong Kong, driving the rental market to remain strong. The "MLS Rental Trend Chart" increased by about 1.06% in the first quarter, achieving the largest increase in 8 years for the same period, indicating a strong demand for housing and providing stable support for residential property prices. Regarding mainland buyers, MLS property analyst Samson Sum said that there was a significant increase in the first quarter, with transaction volumes approaching 3,900 units, a year-on-year increase of over 50%. In terms of amount, it exceeded 40 billion Hong Kong dollars, a year-on-year increase of over 90%. The number of transactions by mainland buyers has exceeded 1,000 units for 13 consecutive months, the longest period on record.