Hong Kong home market maintains upwards momentum as eager buyers snap up new flats
All 154 Lime Spark units sold out by afternoon; 93% of Highwood Phase 2 gone.
Hong Kong's residential property market maintained its upward trajectory on Saturday, as eager buyers scooped up nearly all new flats released by two major developers. Sun Hung Kai Properties sold all 154 units at its Lime Spark project by 4:30pm, while Henderson Land's Highwood Phase 2 secured buyers for 147 of its 158 flats—a 93% absorption rate. Real estate agents attributed the frenzy to a nearly 8% price rise so far in 2026, which has created a sense of urgency among prospective buyers.
"Home prices have climbed by nearly 8 per cent this year, and prospective buyers are likely to find that a delay in purchasing will force them to pay higher prices," said Louis Chan Wing-kit, vice-chairman of Centaline Asia-Pacific. He noted a "buying spree" in the primary market driven by increasing demand. The strong sales come on the heels of official data showing April transactions at a four-month high and home sales value and volume reaching their highest levels in 24 months, reinforcing expectations that the bull cycle is firmly established.
- Sun Hung Kai Properties' Lime Spark sold all 154 units by 4:30pm on Saturday
- Henderson Land's Highwood Phase 2 sold 147 of 158 flats, a 93% uptake rate
- Home prices have risen nearly 8% in 2026, and April transactions hit a 4-month high
Why It Matters
Surging demand and rising prices signal a sustained bull market, pressuring buyers to act fast or pay more.