Property sales fall 10.9 % in May

Total transaction value was $49.8b.

The sale and purchase agreements for building units in Hong Kong dropped to 6,442 in May 2025, the Land Registry reported. This is a 10.9% decrease from April and 12.5% lower than May 2024.

The 12-month moving average fell slightly to 5,643, down 1.3% from April but still 17.1% higher than last year.

Total transaction value was $49.8b, down 0.5% from April and 20% below May 2024.

Residential unit sales numbered 5,105, a 10.3% decline from April and 8% lower than last May. Their total value dropped 9.4% month-on-month and 28.3% year-on-year to $38.2b.

These residential sales figures exclude units sold under government schemes such as the Home Ownership Scheme, Private Sector Participation Scheme, and Tenants Purchase Scheme, unless the premium was paid after the sales restriction period.

Meanwhile, land search activity increased by 9.6% from April, with 403,745 searches conducted, but was slightly down 0.3% compared to May 2024.

The data reflects transactions recorded in May, noting that deed lodgement can lag by up to 30 days.