Hong Kong's property market ended three years of decline with a strong rebound in the Year of the Snake, recording 87,506 transactions worth about US$86.8 billion. Agents expect the Year of the Horse to build on this momentum, aided by lower interest rates and potential government budget support, shifting from recovery to expansion. Derek Chan Hoi-chiu, head of research at Ricacorp Properties, anticipates firmer prices across mass, mid-market, and luxury segments.
According to the Land Registry, overall property transactions in the Year of the Snake totalled 87,506, valued at about US$86.8 billion. This marked the end of three years of decline and a strong rebound fuelled by policy easing and the wealth effect from gains in the Hong Kong stock market, as stated by Derek Chan Hoi-chiu, head of research at Ricacorp Properties.
"The Year of the Snake marked the end of three years of decline and a strong rebound fuelled by policy easing and wealth effect [from the Hong Kong stock market’s gain],” Chan said. “The Year of the Horse will build on the momentum,” he added. “With lower rates and potential government budget support, the market will move from recovery to expansion.”
He indicated that investors could expect more balanced volume growth, firmer prices across the mass, mid-market, and luxury segments, and a healthier secondary sector. Ricacorp estimated 88,200 transactions valued at HK$684 billion in the Year of the Snake, an increase of 31 per cent and 27 per cent, respectively, compared with the preceding Year of the Dragon.
The article, published on February 20, 2026, discusses market outlook following Lunar New Year, covering areas like Hong Kong Island, Kowloon, and the New Territories. Keywords include Hong Kong property, home prices, and agencies such as Centaline Property Agency and Midland Realty.
This projection reflects agents' optimism for the future, though specific policy details or risks are not mentioned.