Primary Property Market Hits Four-Month High with 1,400 September Transactions
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong's primary property market demonstrated robust activity in September 2026, with 1,400 transactions recorded—a 30 percent surge from August and the highest monthly volume in four months. The luxury segment set a new benchmark with 31 transactions exceeding HK$100 million, the highest on record for a single month. China Resources Land's The Sterling project in Southwest Kowloon led sales with 307 units and HK$3.05 billion in revenue, while Henderson Land Development's Chester II in Hung Hom sold 178 units. Market observers note this represents the second consecutive month of growth, signaling renewed confidence in the residential sector.
Key Points
- Primary market transactions reached 1,400 in September 2026, up 30 percent from August and marking a four-month high
- The Sterling by China Resources Land (stock code: 1109) in Southwest Kowloon sold 307 units for HK$3.05 billion, the best-performing project
- Chester II by Henderson Land Development (stock code: 0012) in Hung Hom recorded 178 transactions, while the Midtown South series achieved 187 total sales
- La Mirabelle II in Tseung Kwan O sold 66 units in September, jointly developed by Sino Land, Kerry Properties, K Wah International, China Merchants Land, and MTR Corporation
- Sun Hung Kai Properties' (stock code: 0016) Garden Regency in Yuen Long sold 49 units; Phase 2 registration for The Sterling closes on Thursday with 129 units offered on Saturday
Why It Matters
The sustained growth in primary market transactions for the second consecutive month signals strengthening buyer confidence amid a recovering property sector. With luxury deals setting records and major developers like China Resources Land achieving strong sales volumes, the market trajectory could influence broader economic sentiment and government housing policy considerations in the coming months .
The sustained growth in primary market transactions for the second consecutive month signals strengthening buyer confidence amid a recovering property sector. With luxury deals setting records and major developers like China Resources Land achieving strong sales volumes, the market trajectory could influence broader economic sentiment and government housing policy considerations in the coming months .