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In March, the total value of property sale and purchase agreements in Hong Kong was 45.6 billion HKD, which is a month-on-month increase of 61.4% and a year-on-year increase of 22.1%.
In March, the total value of property sales contracts in Hong Kong was 45.6 billion Hong Kong dollars, an increase of 61.4% compared to February, and also up 22.1% compared to March last year.
FIRST PACIFIC David: The Hong Kong Residence market still faces pressure from excess inventory of both second-hand and first-hand properties, expecting an average decline of 5-10% by 2025.
FIRST PACIFIC DAVIS recently published the Hong Kong Residence sales market report for March 2025.
Meridians: In Hong Kong, the number of mortgage applications for completed properties in the first quarter increased by nearly 15% year-on-year, while the number of mortgage applications for pre-sale properties surged more than 3.7 times.
According to the latest data from the Mortgage Referral Research Department and the Land Registry, the number of current mortgage cases in Hong Kong in March 2025 was 4,015, a decrease of 1,378 cases (25.6%) compared to 5,393 cases in February, marking a decline after three months of increases and reaching a new low in four months.
According to Zhongyuan Mortgage, the number of mortgage registrations for existing properties in Hong Kong reached 13,109 in the first quarter, an increase of 15.7% year-on-year.
In the first quarter of 2025, the number of mortgage registrations for existing homes in Hong Kong increased by 15.7% year-on-year to 13,109 cases, mainly due to the market recovery and rising transactions in the fourth quarter of last year, which drove an increase in mortgage withdrawals and registrations in the first quarter of this year.
Mainland brands are increasingly opening stores in Hong Kong, activating the local retail property leasing market.
The trend of mainland consumer brands opening stores in Hong Kong is still ongoing.
According to Knight Frank: In February, the average rent for Grade A office buildings in Hong Kong fell by 0.5% month-on-month, while the sales volume of Residences dropped by 11.7%.
In February, the overall average rent for Grade A office buildings on Hong Kong Island continued to decline, decreasing by 0.5% month-on-month and 4.3% year-on-year.