Hong Kong Commercial Deals Stay Above 400 in July
AM730 · 1 SOURCESabout 2 hours ago1 MIN
Summary
Hong Kong’s industrial, commercial and shop property market stayed active in July 2026, with about 430 sale-and-purchase transactions, broadly steady from June and extending a three-month run above 400 deals. Office properties led the market, with about 110 transactions, the highest monthly tally since April 2021.
Key Points
- Centaline Commercial said July recorded about 430 industrial, commercial and shop transactions, down 1.38% month on month but up 15.59% year on year.
- Total transaction value reached about HK$5.167 billion in July, up 8.93% from June but down 19.28% from a year earlier.
- Office deals rose sharply to about 110 transactions, up 44.74% month on month and about 50% year on year, with value at HK$2.698 billion.
- Shop transactions recovered to about 66 deals worth HK$1.136 billion, while factory building deals fell to about 254 transactions worth HK$1.333 billion.
- Notable Causeway Bay deals included 8 Pennington Street and a ground-floor shop with parking at 18 Pennington Street, sold together for about HK$892 million.
Why It Matters
Centaline Commercial said the market is still being driven by price cuts, as owners accept losses to raise cash and attract local users and investors. It expects August to show rising volumes and stable prices, supported by firmer Hong Kong Island office pricing and new capital targeting whole-building student accommodation conversions.