Key facts
- Primary market sales in Q2 2026 averaged over 2,300 new homes per month.
- Luxury residential capital values increased 2.2% quarter-on-quarter in Q2 2026.
- A residential site in Tung Chung was sold for HKD 1.63 billion.
Hong Kong's primary residential market is seeing a surge in new property launches and successful sales, following a strong weekend where over 360 flats were sold in two major projects. Sun Hung Kai Properties is preparing for a second round of sales for its Sierra Sea Phase 2C(2) development, offering 152 flats.
Primary market sales in the second quarter of 2026 averaged over 2,300 new home sales per month, an increase of 28.8% year-on-year. Developers have continued to raise prices by 5-11% in subsequent launches, with many achieving around 90% take-up or selling out on the first day.
Demand in the luxury residential leasing market also remained robust in Q2 2026, with rental values rising by 0.9% quarter-on-quarter. A residential site in Tung Chung was awarded to Able Engineering Company Limited for HKD 1.63 billion. Mass residential capital values saw a 3.0% quarter-on-quarter increase in Q2 2026, and transaction volumes for properties above HKD 20 million rose significantly.