Chung Yuan: In the first quarter, the transaction volume of commercial properties in Hong Kong reached approximately 1048 transactions, a year-on-year increase of 56.42%.

The latest data from Centaline Property (Commercial) indicates that the Hong Kong commercial property market in the first quarter of 2026 performed steadily well, with the number of transactions breaking the 1,000 benchmark and the transaction amount steadily increasing. The number of transactions recorded was approximately 1,048, which is an increase of about 18.28% compared to the fourth quarter of 2025 and nearly 10% higher than the same period last year, reaching a new high since the second quarter of 2022. The total transaction amount for commercial properties in the first quarter of this year was approximately HKD 18.924 billion, an increase of about 56.42% compared to the same period in 2025. Pan Chi-ming, Managing Director of Centaline Property (Commercial), stated that the confidence in the Hong Kong commercial property investment market has returned, with buyers actively entering the market to look for desirable properties. It is anticipated that the number of transactions in the second quarter of 2026 could reach around 1,100, with a transaction amount of approximately HKD 19.85 billion, and prices stabilizing or adjusting by about 5%. The second quarter is expected to see a record high in transaction volume and a transaction amount approaching HKD 20 billion. Major transactions are expected to focus on self-owned properties by financial and educational institutions, as well as student dormitories. The leasing market is expected to see about 3,800 transactions, with rental prices also having a range of 5% increase or decrease, indicating a bottoming out trend. With the continuous efforts of the government to attract investment and more companies to establish in Hong Kong, the leasing market is expected to receive further support. In the office market, transactions are stable with a slight adjustment in prices, and rents are expected to decrease by 5% in the second quarter. Regarding the property market of shops, the number of transactions in the first quarter was around 186, with a transaction amount of approximately HKD 3.321 billion, increasing by about 12.05% and 24.47% respectively compared to the previous quarter. In the leasing market, there were about 758 transactions in the first quarter, decreasing by about 9.44% compared to the previous quarter and 5.37% compared to the same period last year. The rental market saw a slight stability in transaction volume overall. Looking ahead to the second quarter, Pan Chi-ming predicts that there will be about 210 shop transactions with a transaction amount of about HKD 3.8 billion, with prices possibly adjusting by about 5% depending on the area. In terms of leasing, rental prices in core business areas are expected to increase by about 5%, while non-core areas will remain stable or decrease by 5%, and leasing transactions are expected to reach around 900. For industrial properties, transactions were stable in the first quarter of 2026, with about 628 transactions, an increase of over 10% compared to the previous quarter and the same period last year. The total transaction amount was approximately HKD 3.79 billion, an increase of about 10.26% compared to the previous quarter but a decrease of about 20% compared to the same period last year. In the leasing market, there were about 1,273 transactions in the first quarter, increasing by about 23.47% compared to the previous quarter and 3.33% compared to the same period last year. The total amount involved was approximately HKD 61.11 million, an increase of about 12.72% compared to the previous quarter and nearly 70% compared to the same period last year, indicating a gradual recovery in the industrial leasing market. Looking ahead to the second quarter, it is predicted that the overall transaction volume and price per square foot of industrial properties will continue to steadily increase, with developers launching more first-hand industrial property projects that could further boost market sentiment. It is expected that the market atmosphere will recover in the second quarter of 2026, with the number of transactions of industrial properties reaching about 650, the transaction amount reaching HKD 40.5 billion, and prices remaining stable or increasing by about 5%; leasing transactions are expected to reach about 1,400 with stable rental prices.