Valuer Insights

Business Insights | Hong Kong Residential Insights March 2026

By Valuation & Advisory Services

April 8, 2026

hong-kong-residential-report-valuation

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In this report, we look into Hong Kong residential property market for March 2026.

Snapshot

  1. Primary market transactions remain strong 
    In the first two months of 2026, strong market momentum continued. Total residential transactions reached 12,338 units, soared 80.8% compared to the same period in 2025. Primary sales accounted for 4,109 units, or 33.3% of total transactions, marking a sharp YoY increase of 146.3% and the highest level for the same period since 2013. 

  2. Rise in stamp duty for HK$>100M residential properties expected to have limited impact on the luxury segment
    The Stamp Duty (Amendment) Bill 2026, gazetted on 6 March, implements the 2026–27 Budget proposal to increase the stamp duty rate on residential property transactions exceeding HK$100 million from 4.25% to 6.5%. We expect the impact on the luxury residential market to be limited, as demand in this segment is largely driven by ultra‑high‑net‑worth individuals whose purchasing decisions tend to be less sensitive to transaction costs and short‑term policy adjustments. 

  3. Banks have reintroduced fixed-rate mortgage plans to support housing mortgage market
    In March, Hang Seng Bank has reintroduced its fixed-rate mortgage plan for the first time since 2018, offering a fixed interest rate of 2.73% per annum for the first three years, following HSBC’s relaunch of similar products in 2025. This rate is nearly 50 basis points lower than prevailing H-plan and P-plan mortgage rates of around 3.25% at most banks. Beyond providing immediate interest savings, fixed-rate mortgages allow borrowers to lock in borrowing costs for a defined period, shielding them from future interest rate volatility. 

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