Two notable luxury homes sold in Hong Kong in January

Together, both properties were transacted for over HK$500 million.

Hong Kong’s property market started 2026 with strong activity across both the luxury and mass segments, according to Knight Frank. In January, a total of 46 luxury transactions above HK$50 million were recorded, highlighting continued appetite for prime residential assets. Notably, Houses No.9 and 10 at 15 Shouson Hill changed hands for HK$224.6 million and HK$292.46 million respectively, equating to HK$60,264 per sq ft for the two properties.

On the primary mass market, developers pushed ahead with new launches, recording 1,542 units in January — an increase of 101% from 2025 and 54% year-on-year from 2024, Knight Frank reported. The surge reflects sustained buyer interest and a proactive launch strategy to meet market demand.

Leasing activity remained robust, particularly for units within the HK$20,000–HK$130,000 monthly rental bracket, where available stock has become increasingly constrained. Knight Frank noted that tenants accelerated relocations ahead of the Chinese New Year holidays, with some compelled to move as landlords pivoted from leasing to sales. This intensified competition for quality units has further supported rental growth, underlining strong demand across all tenant types.

Knight Frank expects that the combined momentum in sales and leasing will continue to shape market dynamics in early 2026, with prime luxury assets and well-positioned mass market units remaining highly sought after.