# Buyers snap up new Hong Kong flats ahead of likely interest rate rises

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-01T03:00:00.000Z
- **Author:** Cheryl Arcibal
- **Original:** https://www.edgeprop.sg/property-news/buyers-snap-new-hong-kong-flats-ahead-likely-interest-rate-rises
- **Topics:** Private Residential, New Launches, Transactions & Deals

## Featured rationale

The sell-out signals buyers are accelerating purchases before possible mortgage-rate increases, potentially encouraging developers to advance discounted launches while current transaction sentiment remains supportive.

## AI summary

Hong Kong developers sold all more than 290 new flats launched over Sept 26–27, including 140 State Residence units and 153 The Sterling II units.

## Original article

Hong Kong developers sold all of the more than 290 new flats they launched over the weekend of Sept 26–27, as buyers looked to lock in mortgages ahead of an anticipated rise in interest rates later this year, according to property agents.

The decision by the city’s major banks to hold rates steady despite the US Federal Reserve’s recent rate increase appeared to have given buyers a push, with many expecting local rates to rise in the coming months, said Derek Chan Hoi-chiu, head of research at Ricacorp Properties.

“A notable number of home seekers are actively entering the market to secure properties ahead of anticipated local rate increases,” Chan said.

Read also: Hong Kong converts hotels into student dorms

On Sept 26, Chow Tai Fook-owned Sky Ace Enterprises shifted all of the 140 apartments it made available on its State Residence project in North Point, agents said.

The properties are a mix of one-bedroom to three-bedroom flats with between 28 sq m (301 sq ft) and 56 sq m (603 sq ft) of floor space. They were offered at discounted prices starting from HK$5.96 million ($970,800).

China Land Resources, meanwhile, found buyers for all 153 apartments at The Sterling II made available on Sept 27, agents said. The flats — ranging from 28.5 sq m (307 sq ft) to 67.8 sq m (730 sq ft) — were also offered at discounted prices of HK$5.43 million to HK$15.01 million.

The southwest Kowloon project also offered 35 flats via tender starting Sept 27.

“Developers are likely to push out launches quicker to avoid interest hike uncertainty,” said Norry Lee, senior director of projects strategy and consultancy at JLL in Hong Kong.

The latest sales performance is likely to provide some relief to the property market, after Hong Kong’s lived-in home prices fell 0.46% in July, halting a 13-month upswing, according to the latest official data.

The index tracking second-hand home prices slipped to 321.5 in July from 323 in June, the first decline recorded in 16 months, Rating and Valuation Department data showed.

Read also: Foreign, mainland students flock to Hong Kong, sparking property demand in education sector

The decline came weeks before the recent interest rate increase.

On Sept 17, the Hong Kong Monetary Authority lifted the city’s base rate to 4.25% after the US Federal Reserve had raised its target range to between 3.75% and 4% following its latest Federal Open Market Committee meeting.

The city’s three note-issuing banks did not follow suit. HSBC and Bank of China (Hong Kong) kept their prime lending rate at 5%, while Standard Chartered maintained its prime rate at 5.25%, according to separate statements from the lenders.

The Fed is set to meet again in late October. If it raises its target rate again, that could finally trigger Hong Kong’s lenders to adjust their own rates, analysts said.

“Despite potential upside risks in US interest rates and the likelihood of Hong Kong following suit, prevailing market optimism continues to support transaction activity,” Chan of Ricacorp said.

The timing of the launches also had a positive impact on the sales, according to Lee of JLL.

“Timing matters: with Mid-Autumn Festival this week and the National Day ‘golden week’ next week, developers are keen to catch this window for mainland buyers,” he said.

Read also: Super-rich losing millions as some Hong Kong trophy homes sell at painful discounts

## Chinese translation

> Translation model: grok_cli

### 买家赶在利率可能上升前抢购香港新盘

9月26日至27日推出的逾290套香港新楼被抢购一空，买家预期利率将走高。

据房地产经纪称，香港发展商在9月26日至27日的周末售出了他们推出的全部逾290套新楼，买家希望在今年较后时间预期的利率上升之前锁定按揭。

利嘉阁地产（Ricacorp Properties）研究主管Derek Chan Hoi-chiu表示，尽管美国联邦储备局近期加息，该市主要银行仍决定维持利率不变，这似乎推动了买家入市，许多人预计本地利率将在未来数月上升。

Chan说：“相当数量的购房者正积极入市，以期在预期的本地利率上调之前锁定物业。”

另请阅读：香港将酒店改建为学生宿舍

经纪称，9月26日，周大福旗下Sky Ace Enterprises售出了其北角State Residence项目所推出的全部140个单位。

这些物业为一房至三房单位的组合，楼面面积介于28平方米（301平方英尺）至56平方米（603平方英尺）。它们以折扣价发售，起价为596万港元（970,800美元）。

与此同时，经纪称，China Land Resources为9月27日推出的The Sterling II全部153个单位找到了买家。这些单位面积从28.5平方米（307平方英尺）至67.8平方米（730平方英尺）不等，同样以折扣价发售，价格为543万港元至1,501万港元。

这个位于九龙西南部的项目还自9月27日起以招标方式推出35个单位。

仲量联行（JLL）香港项目策略与咨询高级董事Norry Lee表示：“发展商很可能会加快推盘，以避免加息的不确定性。”

根据最新官方数据，香港已入住住宅价格在7月下跌0.46%，终止了连续13个月的升势；最新销售表现可能会为房地产市场带来一些缓解。

差饷物业估价署数据显示，追踪二手住宅价格的指数从6月的323下滑至7月的321.5，为16个月来首次录得下跌。

另请阅读：外国及内地学生涌入香港，带动教育领域的房地产需求

此次下跌���生在近期加息的数周之前。

9月17日，在美国联邦储备局于最新一次联邦公开市场委员会会议后将目标区间上调至3.75%至4%之后，香港金融管理局将该市基本利率上调至4.25%。

该市三家发钞银行并未跟随。根据这些贷款机构分别发表的声明，汇丰和中国银行（香港）将最优惠贷款利率维持在5%，渣打银行则将最优惠利率维持在5.25%。

美联储定于10月下旬再次开会。分析师表示，若其再次上调目标利率，最终可能会促使香港的贷款机构调整自身利率。

利嘉阁的Chan表示：“尽管美国利率存在潜在上行风险，香港也有可能跟随，但当前的市场乐观情绪继续支撑交易活动。”

据仲量联行的Lee称，推盘时机也对销售产生了正面影响。

他说：“时机很重要：本周是中秋节，下周是国庆‘黄金周’，发展商急于抓住这个面向内地买家的窗口。”

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