Hong Kong home sales slide in January, but agents eye Lunar New Year ‘mini-boom’

South China Morning PostEN 1 min read 100% complete by Cheryl ArcibalFebruary 3, 2026 at 12:00 PM

Hong Kong home sales slide in January, but agents eye Lunar New Year ‘mini-boom’

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Hong Kong property transactions decreased in January, falling 15.2% month-on-month to 7,631 deals, with a 12% drop in transaction value to HK$57.25 billion. Despite the monthly decline, overall transactions increased 54.5% year-on-year. Agents anticipate a "mini-boom" during the Lunar New Year period, fueled by a strong economy, rising property prices, and recent sell-outs of new home launches, including the Sierra Sea project in the New Territories. Residential sales experienced a slight decrease of 3.6% compared to the previous month, totaling 5,669 units.

Key Entities & Roles

Key Player Opposition Context

New Territories 40% Shap Sze Heung 40% Ma On Shan 40% Sai Kung 40% Sun Hung Kai Properties 50% Sierra Sea 50% Ricacorp Properties 60% Derek Chan Hoi-chiu 60% Lunar New Year ×270% Hong Kong ×390%

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hong kong property market 80% lunar new year 70% property sales 60% transaction value 50% primary market 50% sun hung kai properties 40%

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South China Morning Post

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90%

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Hong Kong

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