Hong Kong property transactions surged to a four-month high in April, with residential sales reaching their highest level in 24 months, according to Land Registry data. A total of 8,692 transactions were concluded, up 12.3% from March, with total sales value rising 17% to HK$72.9 billion ($9.3 billion). Residential unit sales climbed 16.7% MoM to 7,368, with value up 15.4% to HK$63.67 billion ($8.1 billion). Morgan Stanley upgraded its Hong Kong home price forecast to a 12% increase this year, with a further 5% rise projected for 2027.

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