Hong Kong's residential property market is entering an exciting new phase as major developers demonstrate renewed confidence with ambitious launch plans for 2026, signaling a promising shift in the city's real estate landscape.

Kerry Properties and Wheelock Properties are leading the charge with plans to introduce more than 4,300 new residential units this year, reflecting a optimistic outlook as market sentiment continues to strengthen. This wave of new developments represents a significant vote of confidence in Hong Kong's property sector following a period of stabilization.

Kerry Properties announced on Tuesday an impressive lineup of at least three major projects totaling approximately 3,376 units. The portfolio includes the highly anticipated La Montagne phase 4B at the sought-after Southside location, sections of Lohas Park phase 13 in the family-friendly Tseung Kwan O area, and a promising new development on Hung Fook Street in the vibrant To Kwa Wan neighborhood.

Meanwhile, Wheelock Properties is preparing to unveil five new projects comprising around 1,000 units. The company will kick off its 2026 launches with phase 6 of its prestigious Southside development, offering 617 modern flats in the first quarter, giving homebuyers exciting new options in one of Hong Kong's most desirable locations.

The increased activity comes on the heels of a robust 2025, which saw more than 20,000 primary home sales across Hong Kong. This strong performance has encouraged developers to expand their offerings, providing more choices for families and individuals looking to establish roots in the city.

According to Praveen Choudhary, head of Hong Kong real estate research at Morgan Stanley, the market is finding its rhythm with potential housing supply reaching approximately 28,000 units, while actual launches are expected to settle at a healthy 14,000 to 15,000 units. This balanced approach aligns well with average absorption rates over the past five years, suggesting sustainable market conditions.

The diverse range of new developments means prospective homeowners will have an unprecedented selection of properties across different neighborhoods and price points. From the scenic Southside locations with their proximity to beaches and nature, to the well-connected Tseung Kwan O area perfect for families, and the culturally rich To Kwa Wan district, buyers can find homes that truly match their lifestyles.

Industry observers note that the gradual narrowing of discounts indicates strengthening market fundamentals and growing buyer confidence. The willingness of major developers to commit substantial resources to new launches demonstrates their belief in Hong Kong's continued appeal as a place to live and invest.

This surge in new residential offerings also reflects Hong Kong's dynamic evolution as a global city, where quality housing remains a cornerstone of community development. As sentiment continues to improve and the market stabilizes, both developers and homebuyers are looking forward to a year of opportunity and growth in Hong Kong's residential property sector.