According to data from the Land Registry, January recorded 6,137 registrations for residential properties (including primary private homes, secondary private homes, and secondary public housing). Although this represents a decrease of approximately 7.7% compared to the 6,650 registrations in December of last year, it still marks the second-highest level in seven months, indicating that transaction volumes continue to hover at a relatively high level. In fact, when compared to the 3,850 registrations in January of last year, the number of transactions saw a significant increase of nearly 60%.

Considering the time lag between signing a sales agreement and submitting it to the Land Registry for registration, the registration cases in January 2026 generally reflect the market conditions of December 2025. When analyzing the year-on-year performance of January's residential property registrations (including primary private homes, secondary private homes, and secondary public housing) across the three regions, the Hong Kong Island area recorded 1,085 registrations, an increase of approximately 58.9% compared to 683 registrations in the same period last year. The Kowloon area recorded 2,278 registrations, a surge of about 84.6% compared to 1,234 registrations in the same period last year, representing the most significant increase among the three regions, primarily driven by a more than 2.3-fold year-on-year rise in primary registrations during the period. Just considering the top three new developments in the area by registration volume (The Spectra in Yau Tong, DOUBLE COAST in Kai Tak, and Kai Tak Harbour in Kai Tak), they collectively accounted for 301 primary registrations, already surpassing the 239 primary registrations in the Kowloon area during the same period last year. The New Territories area recorded 2,774 registrations, the highest among the three regions, an increase of approximately 43.5% compared to 1,933 registrations in the same period last year.

When examining the year-on-year performance of January's residential property registrations (including primary private homes, secondary private homes, and secondary public housing) by transaction amount, residential properties priced at HK$5 million or below recorded 2,764 registrations, the highest among all price categories, an increase of approximately 35.8% compared to 2,035 registrations in the same period last year. Residential properties priced over HK$5 million to HK$10 million recorded 2,388 registrations, an increase of approximately 82.6% compared to 1,308 registrations in the same period last year. Residential properties priced over HK$10 million recorded 985 registrations, a surge of about 94.3% compared to 507 registrations in the same period last year, representing the most significant increase among all price categories.