Mainland Chinese homebuyer registrations in Hong Kong surged nearly 48% month-on-month to 1,892 deals in April 2026, marking a two-year peak for mainland buyer activity [1]. The total transaction value from these buyers reached HK$18.9 billion (US$2.4 billion) in April, the highest in 17 months [1]. From January through April 2026, mainland Chinese purchases accounted for HK$61.6 billion, or 45% of all residential property transactions in Hong Kong, which totaled HK$137.9 billion for all of 2025 [1].
Overall home sales in Hong Kong climbed 16.7% month-on-month to 7,368 units in April, the highest monthly volume since April 2024 [2]. The total value of Hong Kong home sales rose 15.4% to HK$63.67 billion (US$9.4 billion) last month [2]. Residential property prices hit a 28-month high in March 2026, having gained about 9.2% cumulatively since the market's recovery began 11 months earlier [2]. Despite these gains, prices remain more than 21% below their peak in September 2021 [2].
Market analysts at Moody's forecast continued growth in residential prices in 2026, supported by lower mortgage rates, inflows of talent into Hong Kong, and strong demand from mainland Chinese buyers [2]. Mainland buyers have been attracted by a strengthening yuan and attractive rental yields, which improve the price-to-rent ratio [1]. A mainland Chinese purchaser named Vicky said, "With the current exchange rate, buying in [yuan] is effectively like getting about a 13 per cent discount. The price-to-rent ratio is also attractive" [1].
The latest sales data reflect renewed confidence among mainland buyers following a period of relative caution. Hong Kong's property market recovery appears to be gaining momentum as mainland registrations hit multi-year highs and transaction values climb.
The next key data release will cover May 2026 home sales and prices, expected in early June.
