Hong Kong residential deals rise 22pc in October, transaction value up 37pc

Hong Kong’s housing market extended its recovery in October, with the number of registered residential property deals rising 1.3 percent from September and 21.7 percent from a year earlier to 5,714, according to data released by the Land Registry on Tuesday.

The total consideration for residential transactions climbed 8.1 percent month-on-month and 37.0 percent year-on-year to HK$51.1 billion.

Across all property types, 7,190 sale and purchase agreements were registered in October, up 4.7 percent from September and 22.8 percent from October 2024, with a total value of HK$57.9 billion, representing an 8.3 percent monthly and 39.0 percent annual increase.