HK Housing Market Off to a Slow Start as Weekend Sales Drop 30% | HK Weekend Property Market Recap

The first weekend of 2025 has been notably quiet, with no major new property launches. Over the two-day period, only 23 transactions were recorded, a week-on-week decline of about 30 percent. This marks the lowest figure in the past four months.
Among the recorded transactions, High Park in Hung Shui Kiu sold five units, KT Marina in Kai Tak sold three units, and Park Seasons in Lohas Park sold two units.
The first major launch of the year is Gold Coast Bay The Reserve, which announced the pricing for its first batch of units today. Prices start at HK$2.422 million, with the lowest price per square foot at HK$7,941.
Looking back at its previous phase, Gold Coast Bay The Uppland, which was launched last July, the initial batch was priced at an average of HK$9,988 per square foot, the lowest in eight years. The first round of sales saw the units snapped up on the same day.
Another upcoming development is Lohas Park’s Phase 12C project, Grand Seasons, which launched its first price list yesterday. Featuring 138 units, prices range between HK$5.132 million and HK$13.104 million, with discounted prices from HK$4.517 million to HK$11.532 million. Per-square foot prices range from just under HK$14,000 to HK$18,540 after discounts.
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