According to Jack Tong, director of research and consultancy at Savills Hong Kong, many developers appear to be exercising greater caution in launching new primary projects amid Beijing’s latest capital-control measures.
During the first four months of 2026, they purchased 5,777 homes, representing over 41 % of last year’s total transaction volume, according to data compiled by Midland Realty from official sources.
Activity accelerated notably in April, as mainland Chinese registrations surged nearly 48 % month‑over‑month to 1,892 transactions—the highest figure recorded in two years. Transaction value increased by almost 31 % to HK$18.9 billion (US$2.4 billion), marking a 17‑month high.
The total value of purchases over the first four months amounted to HK$61.6 billion, accounting for 45 % of last year’s total of HK$137.9 billion, according to Midland.
