{"id":388011,"date":"2026-04-20T01:13:24","date_gmt":"2026-04-20T01:13:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/388011\/"},"modified":"2026-04-20T01:13:24","modified_gmt":"2026-04-20T01:13:24","slug":"mainland-chinese-buyers-drive-93-jump-in-hong-kong-property-transactions","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/388011\/","title":{"rendered":"Mainland Chinese buyers drive 93% jump in Hong Kong property transactions"},"content":{"rendered":"

The figure reached HKD42.7 billion (US$5.5 billion), while the number of deals involving mainland purchasers increased 53% year-on-year to 3,882 units across both primary and secondary market, according to Hong Kong property data platform Midland Realty.<\/p>\n

The data indicates a stronger appetite for higher-value properties. Expenditure on new homes reached HKD24.7 billion, almost 37% higher than in the secondary market, accounting for roughly a third of total primary sales by value.<\/p>\n

The uptick has coincided with a broader rise in developer activity. Primary transactions rose to 6,284 units in the quarter, marking the highest level for the period in over a decade, as pent-up demand returned to the market.<\/p>\n

\"Buildings<\/p>\n

Buildings in Hong Kong. Photo by Pixabay\/fabSB17<\/p>\n

In value terms, new-home sales increased 21%quarter-on-quarter to HKD70.8 billion, highlighting sustained buying momentum.<\/p>\n

“A stronger yuan, alongside recovering home prices and relatively attractive rental yields, has supported buying interest,” said Midland analyst Benny Sham, as report by South China Morning Post.<\/p>\n

Analysts said an inflow of mainland professionals relocating under government talent schemes is adding to housing demand, with many households shifting from renting to homeownership, tightening supply and supporting prices.<\/p>\n

Recent project launches indicate that demand remains resilient. In Tai Wai, New World Development and MTR Corp\u2019s The Pavilia Farm III saw mainland buyers account for about 30% of units sold by tender on Monday. Other newly launched projects have likewise drawn notable mainland interest.<\/p>\n

Among them, Sun Hung Kai Properties\u2019 Sierra Sea in Sai Sha generated about HKD1.35 billion in mainland-related transactions, while several developments in Kai Tak (a major redevelopment district) ranked among the most sought-after, underscoring demand for newer housing stock.<\/p>\n

“We believe mainland demand will be stronger this year (because) the real-high-net-worth people need to buy a fixed asset. They will purchase more properties in Hong Kong,” said Thomas Lam, Knight Frank’s head of research for Greater China, as cited by ABC News.<\/p>\n

In the luxury segment, mainland buyers accounted for roughly 50%\u201360% of new-home transactions<\/a> priced above HKD100 million in 2025, a trend analysts expect to persist.<\/p>\n

“Strong capital markets and the relocation of mainland executives will continue to fuel demand this year,” said Eddie Kwok, executive director at CBRE.<\/p>\n

Cushman & Wakefield expects home prices to increase by 7\u201310% this year, although geopolitical risks could limit gains to around 5%.<\/p>\n","protected":false},"excerpt":{"rendered":"The figure reached HKD42.7 billion (US$5.5 billion), while the number of deals involving mainland purchasers increased 53% year-on-year…\n","protected":false},"author":2,"featured_media":388012,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,200914,111,139,69],"class_list":["post-388011","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-mainland-chinese-buyers-drive-93-jump-in-hong-kong-property-transactions-vnexpress-international","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/388011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=388011"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/388011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/388012"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=388011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=388011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=388011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}