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Increase in cooling energy usage of the residential sector in Hong Kong has been moderate in the most recent ten years (2004–2013). Factors and drivers responsible for this are of interest to policy makers in search of performance improvement but such information is not available in extant literature. This paper reviews the policy instruments introduced in Hong Kong during this period of time and examines the different engineering factors contributing to improvements in cooling energy efficiency. Whether the policy instruments have been instrumental in bringing about changes in engineering design and thus improvement in cooling energy efficiency is evaluated on the basis of the equipment and building envelope characteristics of 64 residential developments in Hong Kong. Different statistical analyses reveal that the use of more energy efficient room air-conditioning units (COP), smaller window-to-wall ratios (WWR) and walls with higher U-values are the engineering factors (WallU) that have contributed to moderation of growth of energy consumption; these were driven by policies introduced by the Hong Kong Government. Regarding the sensitivity of the three engineering factors, it was found that COP was the highest amounting to 0.455, followed in descending order by WallU and WWR. Their sensitivities were 0.289 and 0.006, respectively. [ABSTRACT FROM AUTHOR]