Hong Kong property market hits 4-year high in 2025 as sales top HK$616 billion


Hong Kong’s property market rallied to a four-year high in 2025 following the city government’s easing measures and lower interest rates, according to Centaline Property Agency.

In the past 12 months, the number of registered sales agreements for residential units, carparking spaces and commercial and industrial properties increased 18.7 per cent year on year to 80,700, while the amount involved rose 15.4 per cent to HK$616.4 billion, data from Centaline showed.

The realtor noted that 2025 represented a new four-year high, with the comparative figures in 2021 being 96,133 and HK$917.8 billion, respectively.

Centaline attributed the uptick to several factors, including the lowering of stamp duty to HK$100 for homes priced at HK$4 million or below, the buoyant Hong Kong stock market, and declining interest rates.

Amid the improved sentiment, demand for properties is recovering.

A view of Kai Tak Cruise Terminal and residential buildings in Hong Kong’s Kwun Tong area. Photo: Sun Yeung
A view of Kai Tak Cruise Terminal and residential buildings in Hong Kong’s Kwun Tong area. Photo: Sun Yeung

In November, Hong Kong’s private home prices advanced for the sixth consecutive month, by 0.92 per cent, hitting a 16-month high, although they were still 25 per cent below the all-time peak seen in September 2021, according to official data.

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