# Hong Kong luxury residential sales and rents continue to rise in May

- **Source:** Real Estate Asia
- **Published:** 2026-07-09T00:00:00.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/residential/news/hong-kong-luxury-residential-sales-and-rents-continue-rise-in-may
- **Topics:** New Launches, Transactions & Deals, Regional Markets

## Featured rationale

Concurrent growth in luxury sales, primary transactions and rents signals resilient buyer and tenant demand, potentially supporting developer launches and prime-home pricing.

## AI summary

Hong Kong recorded 89 luxury-home transactions above HK$50 million in May, up 27.1% from April, while primary sales rose 56.3% year-to-date.

## Original article

Luxury home sales grew 27.1% to 89 units.

Hong Kong's residential market extended its positive momentum in May, led by continued strength in the luxury segment and robust primary sales activity, according to Knight Frank.

Knight Frank said 89 luxury residential transactions above HK$50 million were recorded during the month, up 27.1% from April, highlighting resilient demand for prime homes.

For the first five months of 2026, residential transaction volume reached 33,160 units. Primary sales totalled 10,556 units, up 56.3% year-to-date and significantly outperforming secondary sales, which increased 14.6% to 22,604 units. Knight Frank attributed the stronger first-hand market to developers launching new projects and successfully capturing buyer demand.

Among recent launches, Knight Frank identified PAVILIA ROSA in Kowloon Tong as a standout project. The development released 109 units through price list sales and tender, with 60 units sold to date and a top achieved price of HK$56,866 per sq ft.

The consultancy also reported continued strength in the leasing market. Knight Frank's Luxury Residential Rental Index rose 8.2% year-on-year and 4.2% year-to-date in May, while the RVD rental index increased 5.1% year-on-year and 1.8% year-to-date, indicating broad-based rental growth across both the luxury and mass residential markets.

## Chinese translation

> Translation model: grok

### 5月香港豪华住宅成交与租金持续上升

据莱坊称，5月香港住宅市场延续向好势头，由豪华板块持续走强及一手销售活跃所带动。

豪华住宅成交增长27.1%至89宗。

据莱坊（Knight Frank）称，5月香港住宅市场延续向好势头，由豪华板块持续走强及一手销售活跃所带动。

莱坊表示，当月录得89宗成交价逾5,000万港元的豪华住宅交易，较4月上升27.1%，显示优质住宅需求韧性十足。

2026年前五个月，住宅成交量达33,160个单位。一手销售合计10,556个单位，按年至今上升56.3%，显著跑赢二手市场（上升14.6%至22,604个单位）。莱坊将一手市场更强劲表现归因于发展商积极推盘并成功捕捉买家需求。

在近期新盘中，莱坊点名九龙塘PAVILIA ROSA表现突出。该项目通过价单销售及招标推出109个单位，迄今售出60个，最高成交价达每平方英尺56,866港元。

该行亦称租赁市场持续强劲。莱坊豪华住宅租金指数5月按年升8.2%、按年至今升4.2%；差估署（RVD）租金指数则按年升5.1%、按年至今升1.8%，显示豪华与大众住宅租赁均呈广泛增长。