Hong Kong’s property market showed signs of improving momentum in February 2026, with both the office and residential sectors recording positive activity.<\/p>\n\n\n\n
In the office market, Grade A leasing recorded positive net absorption of 143,700 sq ft<\/strong>, supported by demand from the banking sector. Major leasing deals included Standard Chartered Bank taking space at One Causeway Bay and Rabobank securing space at One IGC in West Kowloon.<\/p>\n\n\n\n Office occupancy improved in Central and Wanchai \/ Causeway Bay for the third consecutive month. The overall office vacancy rate fell to 13.4%<\/strong>, while Central’s vacancy rate dropped to 9.9%<\/strong>.<\/p>\n\n\n\n Rents also improved, with overall office rent rising 1.1% month-on-month<\/strong>. Central led the increase with a 2.3% rise<\/strong>, showing that prime office locations are starting to regain stronger tenant demand.<\/p>\n\n\n\n Hong Kong’s residential market also remained active, with total residential sales reaching 6,669 units<\/strong> in February, around 1,000 units higher<\/strong> than the previous month.<\/p>\n\n\n\n Secondary market transactions made up 4,102 units<\/strong>, while primary sales reached 2,567 units<\/strong>. Mass residential capital values also grew 0.5% month-on-month, showing modest but positive price movement.<\/p>\n\n\n\n The primary market continued to attract buyers, with Kennedy Bay in Kennedy Town selling all 48 units launched in its first round. Average prices ranged between HKD 24,800 and HKD 29,400 per sq ft.<\/p>\n\n\n\n The luxury segment also remained active. One house at 110 Repulse Bay Road was sold for HKD 372.9 million<\/strong>, or HKD 90,929 per sq ft<\/strong>, showing that high-end demand is still present for rare and premium assets.<\/p>\n\n\n\n Hong Kong’s property market is showing early recovery signals, but the improvement is still selective. Prime office areas such as Central may continue to benefit from stronger leasing demand, while residential activity could remain supported by better buyer sentiment and new project launches.<\/p>\n\n\n\n Overall, Hong Kong is entering a more stable phase. The strongest opportunities are likely to remain in well-located office assets, quality residential projects and premium properties where demand is still more resilient.<\/p>\n\n\n\n Hong Kong’s property market showed signs of improving momentum in February 2026, with both the office and residential sectors recording positive activity. In the office market, Grade A leasing recorded positive net absorption of 143,700 sq ft, supported by demand from the banking sector. Major leasing deals included Standard Chartered Bank taking space at One…<\/p>\n","protected":false},"author":107,"featured_media":126922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"footnotes":""},"categories":[11302,9207],"tags":[1519,231,252,476,10268,305],"class_list":["post-126920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hong-kong","category-newsletter","tag-hong-kong","tag-iqi-en","tag-iqi-global","tag-juwai-iqi","tag-newsletter","tag-property"],"yoast_head":"\nOffice Market Shows Early Improvement<\/h3>\n\n\n\n
Residential Sales Continue to Build Momentum<\/h3>\n\n\n\n
Luxury and Primary Market Demand Remain Visible<\/h3>\n\n\n\n
Outlook<\/h3>\n\n\n\n