Hong Kong property deals surge anew in September on rate cut, buoyant stocks

Sales increase in both volume and value, according to official data, showing that the city’s property market has stabilised

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A bird’s-eye view of residential buildings in West Kowloon. Photo: Sam Tsang

Published: 9:30am, 3 Oct 2025Updated: 3:23pm, 3 Oct 2025

Hong Kong property sales in September increased in both volume and value, according to official data, as the city’s real estate sector finds support from easing monetary policy and a resurgent stock market.

Total deals in September – covering new and lived-in homes, office spaces, shops, car parking slots and industrial units – rose 6.3 per cent from a month earlier to 6,870 units, with the total value rising 11.9 per cent to HK$53.48 billion (US$6.87 billion), according to data from the Land Registry released on Friday.

The number of deals shot up 79 per cent from a year earlier, with total sales soaring 93.4 per cent, the data showed.

Home sales also increased about 6.7 per cent to 5,643 units, according to the government data. It was the seventh consecutive month that residential deals exceeded 5,000 units.

The official sales numbers were largely in line with estimates from Centaline Property Agency and Ricacorp Properties, two of Hong Kong’s largest property agencies. Centaline had estimated a 6.2 per cent rise in overall deals to 6,862 units, while Ricacorp predicted 6,883 units.

“With interest rate cuts reinstated in September, the Hang Seng Index continuing its upward trajectory to a four-year high and the recent policy address relaxing investment immigration requirements, sentiment in the property market continued to improve,” said Yeung Ming-yee, a senior associate director at Centaline.

“That led to a slight increase in transactions and could push total registrations back above 7,000 in October.”

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