Hong Kong Private Residential Completions Jump 3.8 Times Month-on-Month in August
On.cc · 2 SOURCES1 day ago2 MIN
Summary
Hong Kong's private residential property market showed a significant uptick in August 2026, with 887 units completed—marking a dramatic 3.8-fold jump from just 186 units in July. The monthly surge followed a generally subdued year, as the first eight months of 2026 yielded approximately 8,987 private residential units, representing a 27% decline compared to the same period last year when roughly 12,350 units were completed . The latest figures indicate the housing supply is tracking at only about 52-53% of the government's projected annual target of 16,975 units .
Key Points
- The New Territories region led completions with approximately 5,810 units, representing 64.6% of total supply and a 1.5-fold year-on-year increase from 2,342 units .
- Hong Kong Island contributed approximately 1,879 units (about 21% of the total), down 23.3% year-on-year, while Kowloon recorded the lowest completions at roughly 1,298 units, plummeting 82% from last year's 7,557 units .
- Small units under 431 square feet continued to dominate completions with 4,557 units (50.7% of total), followed by medium-sized units of 431-752 square feet at 3,400 units (37.8%) .
- In August alone, the New Territories contributed 765 units after recording zero completions in July; Hong Kong Island added 71 units and Kowloon provided 51 units .
- Larger units of 753-1,075 square feet comprised 703 units (7.8%), while premium units exceeding 1,076 square feet totaled only 327 units combined .
Why It Matters
The sharp monthly rebound in August suggests developers accelerated handover schedules following July's unusually low completions, though the overall pace remains well below last year's levels. With only half the annual target achieved through August, the housing market faces mounting pressure to ramp up supply in the remaining four months of 2026 .
The sharp monthly rebound in August suggests developers accelerated handover schedules following July's unusually low completions, though the overall pace remains well below last year's levels. With only half the annual target achieved through August, the housing market faces mounting pressure to ramp up supply in the remaining four months of 2026 .