Hong Kong Residential Market Remains Resilient Despite Geopolitical Tensions, with Primary and Secondary Transactions Buoyant
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Hong Kong's residential market remains resilient despite geopolitical tensions, with primary and secondary transactions increasing by 53% year-over-year. The city's Grade A office market also saw positive net absorption, driven by leasing activity from the banking and finance sector.
Hong Kong's residential market continued to perform well in Q1 2026, with total transactions rising by 9% quarter-over-quarter and 53% year-over-year. The primary market drove secondary market activity, with home prices growing across different segments. The Grade A office market saw positive net absorption, driven by leasing demand from the banking and finance sector. Greater Central rents increased by 5.5% quarter-over-quarter, supporting the city's overall office rents. The retail market also recovered, with total retail sales rising and high street vacancies falling to 4.2%. Hong Kong Island outperformed the overall market, with rents in Central and Causeway Bay rising by 1.1% and 0.8% quarter-over-quarter, respectively.
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