Business Insights | Residential Resale Market Gains Momentum

Recent resale transaction data indicates that Hong Kong’s residential property market is gradually regaining momentum, particularly within established mass-market and blue-chip housing estates.

Based on a sample of nine resale transactions across major developments, including City One Shatin, Kingswood Villas, Mei Foo Sun Chuen, Taikoo Shing, South Horizons, Whampoa Garden, Laguna City, and LOHAS Park, all cases recorded positive price growth compared with their previous purchase prices, signalling improving sentiment and stronger secondary market activity.

All Selected Resale Cases Recorded Positive Price Growth

A key highlight from the dataset is that all nine resale cases achieved price appreciation, with gains ranging from 6.0% to 21.5%. This reflects broad-based improvement in resale performance across different districts and property types in Hong Kong.

The strongest gain was recorded at a unit of Block 5, Chestwood Court, Kingswood Villas, where the price increased from HK$4.10 million to HK$4.98 million, representing a 21.5% rise over a 365-day holding period.

Another standout transaction was a unit, Tower 6, Taikoo Shing, where the price rose from HK$8.65 million to HK$10.50 million, delivering a 21.4% gain within just 70 days. As a well-established blue-chip estate, Taikoo Shing is widely regarded as a benchmark for Hong Kong Island’s mass residential market, making this rebound particularly notable.

Short-Term Resale Cases Showed Stronger Momentum

One of the most notable trends is the strong performance of short holding-period transactions.

Among the nine cases, seven were held for one year or less, with an average holding period of approximately 188 days. These short-term cases achieved an average gain of 14.6%, slightly outperforming the overall sample average of 13.8%.

This suggests that buyers who entered the market at relatively attractive price levels were able to capture upside quickly, supported by improving market sentiment and stronger resale demand.

The data also reflects improving liquidity, particularly for units in well-established estates with active secondary market transactions.

Mature Estates Remain Highly Resilient

The dataset is dominated by mature developments, with eight out of nine cases located in estates aged over 30 years. Despite their age, these properties delivered an average price increase of approximately 14.4%, outperforming even the newer LOHAS Park case in the sample.

This highlights a key market trend: buyers are not solely chasing new developments, but are increasingly returning to established estates offering strong transport connectivity, mature amenities, proven liquidity, and clear market positioning.

Notable examples include:

• Taikoo Shing (48 years) – +21.4%
• Mei Foo Sun Chuen (50 years) – +16.4%
• City One Shatin (41 years) – +12.7%
• Whampoa Garden (39 years) – +7.8%

These results reinforce the continued appeal of mature, liquid estates for both end-users and investors, especially when pricing is perceived as reasonable.

Unit Rates Also Improved, Supporting Price Recovery

The recovery trend is further supported by rising unit rates (price per square foot).

• Average latest unit rate: ~HK$13,036 per sq. ft.
• Previous average: ~HK$11,504 per sq. ft.
• Median latest: ~HK$12,168 per sq. ft.
• Previous median: ~HK$10,754 per sq. ft.

This indicates that buyers are willing to pay firmer prices for quality assets, particularly in well-known estates with strong accessibility and convenience.

Bank e-Valuation Largely Supports Transaction Levels

Among the nine cases, eight had e-Valuation data from a major bank (as of 13 May 2026). Overall, transaction prices were broadly aligned with valuation benchmarks, suggesting a stable and rational market environment.

Breakdown of the eight cases:

• 4 transactions: within ±2% of valuation
• 3 transactions: above valuation
• 4 transactions: below valuation
• Median variance: approximately -0.3%

This alignment indicates that recent price gains are supported by underlying market fundamentals, rather than excessive speculation.

Some Transactions Still Recorded Discounts

Despite the overall positive trend, some transactions were still completed at a discount to valuation, reflecting continued price sensitivity among buyers.

• Taikoo Shing: HK$10.50 million, ~15.4% below HK$12.12 million valuation
• Mei Foo Sun Chuen: HK$6.40 million, ~6.6% below HK$6.82 million valuation

This suggests that while market sentiment is improving, buyers remain selective and value-driven.

Hong Kong Residential Market Gradually Stabilising

Overall, the selected resale transactions point to a gradual stabilisation and recovery in Hong Kong’s residential property market.

All nine cases recorded positive price growth, with short-term resales showing particularly strong momentum, indicating improved liquidity and renewed buyer confidence. At the same time, mature and blue-chip estates such as Taikoo Shing, Mei Foo Sun Chuen, City One Shatin, and Whampoa Garden continue to demonstrate strong resilience, supported by their established infrastructure and market recognition.

The rise in unit rates, coupled with transaction prices generally aligned with the e-Valuation benchmarks, reinforces the view that the recent recovery is fundamentally supported rather than speculative.