Turnover for shop deals jumped 61.4 percent monthly to HK$1.58 billion last month as life gradually resume to normal and visitors returns, data from Midland Realty and the Land Registry showed.
The number of transactions also rallied 25 percent month on month to 100 after a three-month decline.
Midland attributed the rise to relaxed Covid restrictions in Hong Kong, which benefits the retail industries and restaurants.
If Hong Kong's pandemic situation does not worsen, market sentiment can further improve amid expectations that the government could relax again measures against the coronavirus, it said.
The agent also expected more investors to continue looking for good-value shop deals as the end of the year, traditionally a season of high consumer spending, is coming and the local Covid-pandemic remains relatively stable.
However, Midland also stressed that the rally in commercial shop deals might be limited, as the SAR administration sticks to its three-day medical surveillance requirement for new arrivals and border controls between Hong Kong and the mainland remains in place.
Therefore, investors may stay cautious but be more optimistic about the commercial market, it said.
