GLOPRAGlobal Property Radar

Hong Kong home sales fall 21% to 4,512 in October 2026

Hong Kong registered 4,512 residential sale agreements in October 2026, 21.0% fewer than a year earlier, worth HK$42.3 billion, down 17.1% on the year.

The facts

  • The Land Registry recorded 4,512 residential sale and purchase agreements in October 2026, -21.0% against October 2025 and 5.2% below September.
  • Their total consideration was HK$42.3 billion, down 17.1% on the year and 9.5% on the month.
  • Across all building unit types 5,795 agreements were registered, 19.4% below October 2025 and 10.0% below September, for HK$50.0 billion, down 13.6% and 6.5% respectively.
  • The 12-month moving average for all building units stood at 7,566 agreements, 16.7% above October 2025 but 1.5% below September.
  • Land searches numbered 418,352, down 9.6% on the month and up 6.6% on the year.
  • The Land Registry notes that deeds may be lodged up to 30 days after a transaction, so a month's count generally reflects the previous month's deals.

What it means for your money

  • Fewer buyers are competing. Residential deals are a fifth below last year, which widens the room to negotiate.
  • The price level is a separate question. Glopra records Hong Kong at 17,515 USD per square metre to buy and 53.27 USD per square metre a month to let, both built from Rating and Valuation Department figures.
  • Liquidity is the other side of a falling count. At 418,352, land searches were 9.6% down on September, and a land search is the step a buyer takes before making an offer.
  • For an owner planning to sell, consideration falling 17.1% while volume falls 21.0% points at a thinner pool of buyers rather than only at fewer closings.

What to watch

  • The 12-month moving average is still 16.7% above a year ago while the single month is 21.0% below. The November figure shows which of the two describes the trend.
  • Because deeds can be lodged up to 30 days late, October's count partly describes September activity.
  • Residential figures exclude Home Ownership Scheme units unless the premium was paid after the sale restriction period.

Sources: Land Registry Hong Kong https://www.info.gov.hk/gia/general/202611/03/P2026110300276.htm

Market data: Hong Kong