Top 10 Estates Log 17 Weekend Deals, Highest in 13 Weeks
AM730 · 2 SOURCESabout 1 hour ago2 MIN
Summary
Hong Kong's secondary housing market showed strong revival over the weekend of August 22-23, 2025, with the top 10 housing estates recording 17 transactions according to Midland Realty—marking a 13-week high and the best weekend performance in Q3. This figure represents a 1.1-fold increase from the previous weekend's 8 deals, breaking a 12-week period of single-digit transactions . Ricacorp's count of 9 transactions for the same period also showed a 1.25-fold jump from 4 deals the prior weekend . Nine out of ten target estates recorded at least one transaction, with Tai Koo Shing leading the way with 3 deals .
Key Points
- Nine of ten monitored estates logged transactions, with Tai Koo Shing recording the highest volume at 3 deals
- Ricacomp data shows Kowloon led regional performance with 4 transactions, followed by Hong Kong Island with 3 and New Territories with 2
- A Tai Koo Shing mid-floor unit at Tung Ho Mansion sold for 10.18 million after just 10 days on market, representing a 19.6% profit for the seller who purchased in March 2025 for 8.51 million
- South Horizons Tower 23 saw a 4-bedroom suite with sea views change hands for 13.8 million, with the original owner who bought in 2004 for 4.15 million earning a 232% gain
- Sha Tin City One units traded between 4.46 million and 4.68 million, with per-square-foot prices ranging from 14,312 to 15,704 yuan
Why It Matters
The surge in secondary market transactions signals strengthening buyer confidence in Hong Kong's property sector. Hot sales of new projects are creating a "spillover effect" that draws disappointed balloted buyers into the secondary market . As the summer holiday season winds down, more families returning to Hong Kong are actively viewing properties, suggesting the upward transaction trend may continue in the coming weeks .
The surge in secondary market transactions signals strengthening buyer confidence in Hong Kong's property sector. Hot sales of new projects are creating a "spillover effect" that draws disappointed balloted buyers into the secondary market . As the summer holiday season winds down, more families returning to Hong Kong are actively viewing properties, suggesting the upward transaction trend may continue in the coming weeks .