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Peggy Ye

Cao Li

Buyers snapped up most of the nearly 400 new homes released for sale in Hong Kong on Saturday, offering an early gauge of housing demand in one of the biggest launches since the Chinese New Year holiday.
As of 7:30pm, about 310 of the 360 units released at Chinachem Group’s Zendo House in Tsim Sha Tsui and Wing Tai Properties’ Cloudview in Sheung Shui had been sold, according to Centaline Property.
Louis Chan Wing-kit, vice-chairman and president of the agency, said confidence in Hong Kong’s property market remained strong despite geopolitical tension.
“Primary home sales are expected to reach 2,800 this month – the highest level in nearly two years,” said Chan. “Market confidence remains strong ... although external conditions are volatile, this could actually benefit the property market.”
Wing Tai sold about 150 of the 200 units released in the first round of sales at its Cloudview project in Sheung Shui, ranging from studio units to two-bedroom apartments with storage rooms, with sizes between 286 and 445 sq ft.

After discounts of up to 20 per cent, prices range from about HK$3.68 million (US$470,000) to HK$7.75 million, equivalent to roughly HK$12,687 to HK$17,413 per square foot.
One bulk buyer purchased four units – two two-bedroom apartments and two one-bedroom apartments – for HK$22 million.
Chinachem sold all of the 160 units it released at Zendo House on Tak Hing Street.
The batch comprised mainly one-bedroom flats alongside a small number of two-bedroom units, with usable floor areas ranging from about 274 to 468 sq ft.
Prices started from HK$5.33 million after discounts of up to 17 per cent, translating to roughly HK$19,771 to HK$25,784 per square foot, according to the developer.
Eleven buyers purchased seven units or more each, including one who bought 12 units for more than HK$73 million.
The weekend launches come as developers accelerate sales after housing sentiment improved following signs that interest rates may have peaked.
Primary residential transactions in Hong Kong remained active earlier this year. A total of 2,523 new-home transactions were registered in February, a 22-month high, according to data compiled by Ricacorp Properties using Land Registry records.

The figure rose 69 per cent from January’s 1,493 deals, ending three consecutive months of decline, while transaction value climbed 43 per cent to HK$27.1 billion, the agency said.
Mainland Chinese buyers have returned to the Hong Kong housing market. Investment bank Morgan Stanley said mainland buyers purchased about 2,600 homes in Hong Kong during the first two months of 2026, a 91 per cent increase from a year earlier, supported by a stronger yuan, improving rental yields and expectations of price recovery.
The high-end segment led transaction value. Wheelock Properties said it sold eight luxury units in a single day at Deep Water South Phase 6B on Wednesday, a project jointly developed with MTR Corporation, generating more than HK$387 million in sales.
The most expensive unit sold for nearly HK$79.7 million, or HK$47,021 per square foot, for a 1,696 sq ft four-bedroom apartment with a private lift lobby.
Market sentiment has remained cautiously optimistic, although some buyers have become more cautious following geopolitical tensions.
Derek Chan, head of research at Ricacorp Properties, said pent-up demand that had been expected to emerge after the Chinese New Year holiday was partly dampened by the sudden outbreak of conflict in the Middle East.

“The war is like a bucket of cold water,” Chan said, noting that some buyers had adopted a wait-and-see approach.
Chan said primary residential transactions in March were expected to fall sharply, reflecting weaker activity in mid-February during the Chinese New Year holiday period.
As a result, new-home transactions registered in March could drop by more than half to about 1,120 deals before picking up again as developers step up new project launches in the coming months.
Market supply is also expected to tighten in the coming years as developers work through existing inventory.
Hong Kong’s private housing completions were projected to average about 15,500 units annually in 2026 and 2027, down more than 25 per cent from the average of over 21,000 units recorded in 2024 and 2025, according to Centaline.


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Property

Hong Kong & China

Buyers snapped up most units on sale, even though one agent said the Middle East conflict was ‘like a bucket of cold water’ on demand


Buyers snapped up most units on sale, even though one agent said the Middle East conflict was ‘like a bucket of cold water’ on demand.


Hong Kong buyers snap up most of 360 flats at 2 projects as confidence returns

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Buyers snapped up most units on sale, even though one agent said the Middle East conflict was ‘like a bucket of cold water’ on demand

Buyers snapped up most units on sale, even though one agent said the Middle East conflict was ‘like a bucket of cold water’ on demand