Hong Kong’s property market is expected to extend its gradual recovery into the end of the year, supported by improving sentiment, rising rental yields and firmer demand in the mass-market segment, according to property analysts.
The latest mortgage and resale data suggest that buyers are returning following rate cuts and stamp-duty adjustments earlier this year, although the pace of improvement remains uneven across districts and price brackets.
Mortgage registrations continued to climb in October, reflecting a sustained rebound in transactions, climbing 7.1 per cent from September to 6,463, excluding off-plan units, according to a Centaline Property report on Thursday.
The city recorded 52,342 mortgage deals in the first 10 months, surpassing the whole of 2024 by more than 9 per cent, with secondary-market financing accelerating in line with stronger lived-in home demand. Secondary transactions surged 62 per cent over the past six months, on track for a three-year high of 20,600 deals for the year – nearly 25 per cent more than in 2024.
Buyers have been particularly active in lower-priced homes, aided by tax relaxations for units valued at HK$4 million or below, according to a separate Centaline report on Tuesday. Across the city, 11,938 such transactions were recorded in the first 10 months, exceeding last year’s total and accounting for 37 per cent of all secondary sales.
Home prices have also been creeping higher. Centaline’s City Leading Index of lived-in home prices stood at 142.49 for the week ending November 16, up 3.52 per cent so far this year to a 73-week high.
