Hong Kong’s residential market remained active in May 2026, although total transaction volume eased slightly to 7,138 units<\/strong>, down by 230 units from the previous month.<\/p>\n\n\n\n The secondary market accounted for 4,728 transactions<\/strong>, while primary sales reached 2,410 units<\/strong>. Despite the softer transaction volume, mass residential capital values increased by 2.0% month-on-month<\/strong>, indicating firmer market sentiment.<\/p>\n\n\n\n New developments also attracted strong demand. Lime Spark in Tsuen Wan sold all 154 units<\/strong> released during its first sales round, with average prices ranging from HKD 16,079 to HKD 18,408 per sq ft<\/strong>.<\/p>\n\n\n\n The luxury segment remained active, highlighted by the sale of an entire floor at Mount Nicholson for HKD 460 million<\/strong>, equivalent to HKD 100,745 per sq ft<\/strong>. <\/p>\n\n\n\n Hong Kong’s office market recorded positive net absorption of 205,000 sq ft<\/strong> in May. Wanchai and Causeway Bay achieved their strongest monthly net take-up since April 2024, supported by demand spilling over from Central.<\/p>\n\n\n\n Leasing activity from securities firms remained robust. CITIC Securities leased 18,000 sq ft<\/strong> at CITIC Tower, while Ping An Securities secured 14,900 sq ft<\/strong> at The Center.<\/p>\n\n\n\n The overall office vacancy rate declined to 13.3%<\/strong>, while average office rents increased 0.3% month-on-month<\/strong>. Central led rental growth with a 0.7% increase<\/strong>, followed by Wanchai and Causeway Bay at 0.3%<\/strong>.<\/p>\n\n\n\n Hong Kong’s property market is showing signs of gradual improvement across both residential and office segments.<\/p>\n\n\n\n Residential values may remain supported by successful project launches and firmer buyer sentiment. Meanwhile, improving office absorption and declining vacancy could strengthen leasing conditions, particularly in Central, Wanchai and Causeway Bay.<\/p>\n\n\n\n Residential Values Show Renewed Strength Hong Kong’s residential market remained active in May 2026, although total transaction volume eased slightly to 7,138 units, down by 230 units from the previous month. The secondary market accounted for 4,728 transactions, while primary sales reached 2,410 units. Despite the softer transaction volume, mass residential capital values increased by 2.0% month-on-month, indicating firmer…<\/p>\n","protected":false},"author":108,"featured_media":131332,"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":[1519,265,252,476,10268,305,224],"class_list":["post-131330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hong-kong","category-newsletter","tag-hong-kong","tag-investment","tag-iqi-global","tag-juwai-iqi","tag-newsletter","tag-property","tag-real-estate"],"yoast_head":"\nOffice Leasing Continues to Recover<\/h2>\n\n\n\n
Outlook<\/h2>\n\n\n\n