Data from Centaline Property's ten major housing estates recorded 16 transactions over the weekend, a 128% week-on-week rebound, marking a four-week high. The number of estates with zero transactions dropped significantly to just one—Laguna City. Chan Wing-kit, Vice Chairman and Residential Director for Asia Pacific at Centaline Property, noted that after the Lunar New Year holiday, property viewings and transaction activities have fully resumed. The market paused only briefly before quickly regaining momentum, reflecting strong purchasing power. Favorable conditions from the fourth quarter of last year continue to benefit the market, boosting buyer confidence and encouraging faster entry into the market, sustaining the wave of property acquisitions from the previous quarter. Transactions are expected to remain active.
According to Midland Realty's branch statistics, approximately 16 transactions were recorded over the weekend across ten major secondary housing estates, doubling from eight transactions the previous weekend and returning to double-digit levels. When counting 15 major estates, around 17 transactions were recorded, representing a 113% week-on-week increase. Bosco Wong, Senior Director at Midland Realty, stated that the recent Budget announcement has removed uncertainties for the property market. With new developments re-entering the market, purchasing power is expected to be further stimulated. Property viewings across various districts remained active over the weekend, supporting transaction volume and indicating a thriving market.
Looking ahead to March, although recent international political tensions have created uncertainty, they have not yet impacted the property market. With China’s "Two Sessions" approaching, which will outline economic and industrial development plans for the next five years, market focus is expected to shift to political and economic developments. Wong believes that barring any unforeseen "black swan" events, the property market in March is likely to maintain its spring momentum, with purchasing power accelerating and stimulating further growth in both primary and secondary market transactions.
Based on Midland Realty’s transaction distribution data for the weekend, four transactions were recorded across three housing estates on Hong Kong Island—Taikoo Shing, Kornhill, and South Horizons—a week-on-week increase of three transactions. In Kowloon, seven transactions were recorded across four major estates—Laguna City, Whampoa Garden, Metro City, and Mei Foo Sun Chuen—representing a 40% increase from the previous week’s five transactions. In the New Territories, five transactions were recorded across three major estates—Caribbean Coast, City One Shatin, and Kingswood Villas—a 150% week-on-week increase.