Hong Kong’s property sector is sending a mixed picture. In June, the office market posted a positive net absorption of 44,200 square feet, led by financial tenants such as TPG 6th Street Partners expanding in Central. Yet office rents slipped 0.5 per cent, with Hong Kong East recording the sharpest drop.

On the residential side, primary market transactions rose 16.7 per cent month-on-month to 2,147 units, driven by aggressive discounts and new launches. The Deep Water Pavilion sold all 138 units within a single day. Luxury demand also held firm, highlighted by a Mount Nicholson penthouse sold for HKD 609 million.

While secondary activity remains subdued, the strength of the primary and luxury segments underscores Hong Kong’s enduring appeal, even as broader recovery momentum stays uncertain.