Secondary Private Home Sales Plunge 37% in July, Hit 11-Month Low
AM730 · 1 SOURCESabout 1 hour ago5 MIN
Summary
Hong Kong's secondary private residential market experienced a significant correction in July 2026, with transaction volumes plummeting 37% month-over-month to 3,225 cases—the lowest level in 11 months. Total registration value fell 42% to HK$26.35 billion, marking a sharp reversal after four consecutive months of robust activity above the 4,000-deal benchmark. All price segments recorded declines, with ultra-luxury properties above HK$100 million seeing the most severe 80% contraction.
Key Points
- Secondary private residential transactions totalled 3,225 cases in July 2026, a 37% drop from June's 5,122 cases, marking an 11-month low
- Total registration value declined 42% month-over-month to HK$26.35 billion, the lowest in nearly nine months
- All nine price categories posted declines; properties priced above HK$100 million fell 80% to just 3 cases, the steepest drop
- Hong Kong Island recorded 739 cases (down 39%), New Territories 1,419 cases (down 37%), and Kowloon 1,067 cases (down 35%)
- Tsuen Wan and To Kwa Wan districts saw the largest regional drops at 44% each, while将军澳 emerged as the most active district with 187 cases despite a 42% decline
- The top 10 active housing estates recorded 289 transactions combined, down 28% from June; Laguna Verde and NOVO LAND bucked the trend with gains of 22% and 18% respectively
Why It Matters
The sharp correction signals a potential shift in Hong Kong's property market sentiment, with buyers adopting a wait-and-see approach amid limited price concessions from sellers. Ricacorp Research Director Chan Hoi-chiu expects August transactions to remain sluggish at similar levels, suggesting the market may be entering a prolonged consolidation phase during the peak summer holiday period .
The sharp correction signals a potential shift in Hong Kong's property market sentiment, with buyers adopting a wait-and-see approach amid limited price concessions from sellers. Ricacorp Research Director Chan Hoi-chiu expects August transactions to remain sluggish at similar levels, suggesting the market may be entering a prolonged consolidation phase during the peak summer holiday period .