Hong Kong primary home sales hit 8,146 units between January and April

This represents a 47.8% growth.

Hong Kong's residential market continued to gain momentum in the first four months of the year, with both sales activity and investment demand strengthening, according to Knight Frank.

Primary home sales reached 8,146 units between January and April, up 47.8% year-on-year, while total residential transactions climbed 45.5% to 26,022 units.

Knight Frank said mainland Chinese buyers remain an important source of demand, particularly in university catchment areas and emerging districts, while local owner-occupiers continue to support the market. Projects such as Lime Spark in Tsuen Wan recorded strong take-up from buyers within the local district.

The consultancy attributed the broad-based recovery to shrinking housing inventory, growing buyer urgency and capital inflows attracted by Hong Kong's favourable tax environment and unrestricted capital movement.

Leasing activity also remained robust, supported by mainland Chinese families seeking access to education opportunities, alongside demand from multinational corporations relocating staff. With supply remaining tight and activity focused largely on renewals, Knight Frank expects rental demand to continue benefiting from talent inflows, capital reallocation and schooling-related relocations.