Hong Kong Investment Volumes Rise 12% in 2025 as Sentiment Improves

Hong Kong investment volumes rose 12% to HKD39bn (USD5.0bn) in 2025, with momentum accelerating in the fourth quarter as pricing turned more attractive, property consultancy Colliers said.

Fourth-quarter transaction volumes surged 65% from the previous quarter, supported by three US Federal Reserve rate cuts totalling 0.75 percentage points and positive wealth effects from gains in the Hang Seng Index.

Large transactions dominated activity, with 85 deals above HKD100m, mainly by end-users.

Offices accounted for more than 60% of total value, rising 71% year on year to HKD24.2bn, while hotels and serviced apartments reached HKD6.3bn.

En-bloc residential investment jumped 145% to HKD1.3bn, and mainland Chinese buyers made up 59% of fourth-quarter value.

Colliers forecasts Hong Kong investment volumes of HKD42bn in 2026 as market sentiment continues to recover.