In February, transaction volumes in the primary market rose to 900 units, while the secondary market saw a decline to 2,300 units, resulting in an overall m-o-m decrease of 11.1%. Mass residential capital values declined by U.(% m-o-m in February. following a 0.4% rebound in January.

• The government raised the threshold for properties subject to a nominal stamp duty of HKD 100 from HKD 3 million to HKD 4 million in February. I nis measure eases the burden for buyers or lower-value properties by reducing transaction costs, potentially stimulating demand in the entry-level residential market.
• The primary housing market gained momentum as unit prices continued their downward trajectory. EIGHT SOUTHPARK in Ma Tau Kok sold all 101 units launched on the first day or the project launch
• Among major luxury sales transactions. a house at Bisney Crest in Pokfulam was sold for HKD 203. 8 million or HKD 35.339 per sq ft (SA). This transaction reflects a 1.9% unit price increase compared to another house in the same project that was sold in July 2024.

Source: The Land Registry, JLL