Hong Kong's New Residential Home Sales Plunged 5.8% Last Month

According to the South China Morning Post, new residential home sales in the city plunged 5.8 per cent last month, with total transactions amounting to US$2.38 billion – a drop of 12.1 per cent.

Assembled News DeskNovember 4, 20261 min read

AI illustration based on reference photographs; not an event photograph. A wide, sophisticated editorial illustration of modern, tall residential buildings in a muted urban setting, conveying a sense of market change. — AI-generated illustration

The South China Morning Post reported that new residential home sales within the city plunged 5.8 per cent last month, with the total value of transactions reaching US$2.38 billion, which constitutes a 12.1 per cent drop in value.

Research conducted by Centaline Property indicated that Hong Kong saw 1,410 first-hand private residential property transactions in October, totaling HK$18.66 billion (US$2.38 billion). This figure reflects a decrease of 5.8 per cent and 12.1 per cent when compared to the 1,497 transactions and HK$21.24 billion recorded in September.

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