Hong Kong home sales surge to 2-year high, boosting overall transactions

Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city’s real estate sector amid uncertainties over interest rates and the Iran" class="entity-link entity-event" data-entity-id="38678" data-entity-type="event">US-Israel war on Iran.A total of 8,692 transactions across homes, offices, shops, car parking spots and industrial spaces were concluded last month, up 12.3 per cent from March’s 7,737 deals, according to data released on Tuesday by the Land Registry. The total sales value rose 17 per cent to about HK$72.9 billion (US$9.3 billion).Sales of new and second-hand residential units climbed 16.7 per cent month on month to 7,368 in April, the highest since April 2024 when 8,551 units were sold, the data showed. The sales value in April increased about 15.4 per cent over March to HK$63.67 billion.