Hong Kong property market continued its strong upward trend in February 2026

Looking back at 2025, the Hong Kong property market had laid a solid foundation for recovery, performing impressively throughout the year with several core transaction data hitting new highs in nearly four years. According to statistics, a total of 80,702 property sale and purchase agreements were recorded in Hong Kong in 2025, marking an 18.7% year-on-year increase and hitting the highest level in nearly four years. At the same time, the total transaction value also climbed, reaching HK$614.277 billion, an increase of 15% year-on-year. The double-digit growth in both transaction volume and transaction value fully reflects the significant increase in market transaction activity and confirms the continuous release of demand in the Hong Kong property market.

The performance of the housing price index also underscores the market's recovery trend. In 2025, the annual increase in the private residential price index in Hong Kong was approximately 3.3%, marking the first annual increase since 2021. This signifies that the private residential market in Hong Kong has officially ended its previous adjustment phase and entered a price rebound channel. This change is driven by multiple favorable factors, including a loose interest rate environment, optimized policy support, and improved economic fundamentals. It also reflects the market's renewed confidence in the long-term value of the Hong Kong property market.

As we enter 2026, the upward momentum of Hong Kong's property market has not slowed down, and the latest market data in February further confirms the strong momentum of recovery. The Centaline City Leading Index (CCL), as a core indicator reflecting the trend of second-hand private residential property prices in Hong Kong, has shown particularly outstanding performance. In February 2026, the index rose 1.47% month-on-month and 3.29% month-on-month, continuing its upward trend. The Centaline City Leading Index is updated weekly, reflecting the latest market dynamics in property prices in a timely manner. Its continuous upward trend intuitively demonstrates the steady increase in property prices in Hong Kong's property market in February, and also indicates that market demand is sufficiently supportive.

From the perspective of the overall market landscape, the robust upswing in the property market in February 2026 is a continuation and escalation of the recovery trend observed throughout 2025. The double growth in transaction volume and transaction value in 2025 laid a solid foundation for the market in 2026, while the continuous rise in the housing price index in February further bolstered market confidence, attracting more home buyers and investors to enter the market. It is worth noting that the current recovery of the Hong Kong property market is not a rise in a single region or a single property type, but rather exhibits characteristics of comprehensive linkage and steady progress, echoing the differentiated characteristics of housing prices in various regions previously. Various property types, such as high-end residential properties and apartments for rigid demand, have gained market recognition.