Hong Kong Real Estate: In 2025, the number of second-hand residential registrations in Hong Kong over HK$10 million reached 5335, a 3-year high

Zhitong Finance App learned that Wang Pindi, director of the Hong Kong Real Estate Research Department, said that according to data from the Hong Kong Land Registry, in 2025 (as of December 23), over HK$10 million second-hand housing registered 5335 cases, an increase of about 14.6% over 4656 in 2024, a three-year high. Compared with 2025 (as of December 23), 45,331 registrations of second-hand housing (including second-hand private homes and second-hand public housing) were recorded, an increase of about 11.3% from 40,734 in 2024. The year-on-year increase in second-hand housing registrations of over HK$10 million surpassed the market. Its share of the overall second-hand housing registration volume rebounded from a low of about 11.4% in 2024 to about 11.8% in 2025 (as of December 23).

The year-on-year performance of over HK$10 million second-hand housing registrations in 2025 (as of December 23) is divided into three districts. Among them, Hong Kong Island recorded 1968 second-hand housing registrations of over HK$10 million, the highest number of cases in the three districts, an increase of about 14.4% over 1,720 in 2024; the Kowloon district recorded 1,715 registrations, an increase of about 19.4% over 1,436 cases in 2024, the most significant increase in the three regions; the New Territories recorded 1,652 registrations, an increase of about 10.1% over 1500 cases in 2024.

As for the ranking of housing estates with over HK$10 million in second-hand housing registrations in 2025 (as of December 23), Mingcheng ranked first with 162 registrations, up about 30.6% from 124 in 2024; Taikoo Shing ranked second with 115 registrations, a decrease of about 6.5% from 123 in 2024; and Bel-Air ranked third with 100 second-hand residential registrations over HK$10 million, an increase of about 66.7% over 60 in 2024.