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Cheryl Arcibal

Hong Kong homebuyers continued to show strong demand for new residential launches over the weekend, potentially pushing primary market transactions to a five-month high, according to agents.
By 3.30pm on Saturday, about two-thirds of the 108 units released at Park Seasons – a Lohas Park project in Tseung Kwan O developed by Wheelock Properties and the city’s subway operator MTR Corp – had found buyers, agents said.
On Friday, all 60 units on offer at K. Wah International’s Kabitat Tin Hau project sold out.
The latest launches followed strong demand for Sun Hung Kai Properties’ Sierra Sea, where three batches released so far this month have sold out.
The developer has sold 660 units for Phase 2A of the project, located in Shap Sze Heung between Sai Kung and Ma On Shan in the New Territories. It is Hong Kong’s largest residential development in more than two decades.
“Transaction activity this month has been robust,” said Louis Chan Wing-kit, vice-chairman and president at Centaline Property. “We anticipate that the total for January will reach 2,000 transactions, a five-month high.”
Units at Park Seasons ranged from 277 sq ft to 537 sq ft, with prices from HK$5 million (US$641,000) to HK$10.61 million after discounts.
At Kabitat Tin Hau, meanwhile, units measured 361 sq ft to 477 sq ft and were priced between HK$8.7 million and HK$13.12 million after discounts.
“The market response was enthusiastic,” Chan said. “Investors comprised the majority of attendees, accounting for approximately 60 per cent.”
Analysts are forecasting a rebound in Hong Kong’s residential market this year. Morgan Stanley expects home prices to rise by 10 per cent, and said gains could extend into 2027 following a turnaround that began last year.
Citi also raised its home price forecast to 8 per cent this year, from 3 per cent in October, citing a faster-than-expected rebound in 2025.
UBS, meanwhile, expects home prices to rise by about 5 per cent. The Swiss bank said falling mortgage rates were encouraging tenants to buy, while some homeowners had withdrawn their homes from the resale market and shifted to leasing.
Bank of America also predicts single-digit growth in residential prices this year.
Hong Kong’s lived-in home prices rose for a sixth straight month in November, lifting the official price index to a 16-month high and translating into a 3.5 per cent cumulative rise in 2025, according to government data.
The city’s rental index rose to 200.7 in November, the second consecutive month it exceeded the previous peak set more than six years ago.


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Two-thirds of Park Seasons’ latest batch sold by midafternoon on Saturday, while Kabitat Tin Hau sold out a day earlier


Two-thirds of Park Seasons’ latest batch sold by midafternoon on Saturday, while Kabitat Tin Hau sold out a day earlier.


Hong Kong homebuyers keep up robust demand as new launches draw brisk sales

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Two-thirds of Park Seasons’ latest batch sold by midafternoon on Saturday, while Kabitat Tin Hau sold out a day earlier

Two-thirds of Park Seasons’ latest batch sold by midafternoon on Saturday, while Kabitat Tin Hau sold out a day earlier