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Hong Kong Real Estate: First-hand residential transactions in Hong Kong surged by about 30.6% year-on-year to over HK$190 billion in the first nine months
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The Zhitong Finance App learned that Wang Pindi, director of the Hong Kong Real Estate Research Department, said that according to the Hong Kong Real Estate Research Department's consolidated “First-hand Residential Property Sales Information Network” data and market information, the first-hand transaction amount for the first nine months of this year was about 191.56 billion yuan (HKD, same below), a sharp increase of about 30.6% over the same period last year of about 146.73 billion yuan, a record high for the same period since the first-hand sales regulations.

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If the first-hand transaction amount for the first nine months of this year is divided, the new edition sold in the first nine months of this year involved about 77.34 billion yuan, accounting for about 40.4%; as for the end of the year, it recorded about 114.21 billion yuan, accounting for about 59.6%, reflecting that the first-hand market's gold suction power is more inclined towards the end of the goods market.

If the amount is divided by category, the first-hand transaction amount for the first nine months of this year was about 191.56 billion yuan, mainly over 10 million yuan, which recorded about 121.48 billion yuan. It is worth noting that in the end-of-year trading account for about 88.36 billion yuan, which is equivalent to about 72.7% of the first-hand transaction amount in this category. It can be seen that the gold absorption of more than 10 million yuan is more prominent in the end-of-goods market; in contrast, in terms of transactions of 10 million yuan or less, new listings are more likely to involve about 52.01 billion yuan, of which over 6 million yuan to about 6.15 billion yuan accounts for about 6.15 billion yuan. 7.3% It can be seen from this that the capital involved in the new market is mainly concentrated in medium- and small-price properties of 10 million yuan or less, which clearly contrasts with the pattern of concentrating on the middle- and high-price market at the end of the goods market. The two are attractive in different price ranges.

If you divide the final transaction amount for the first nine months of this year by region, Kai Tak recorded about 28.03 billion yuan, and more than 1.5 times that of Xibanshan, which surpassed the second seat of 10.9 billion yuan. Ho Man Tin ranked third with a record of about $8.74 billion, Shatin ranked fourth with a record of about $8.34 billion, and Aberdeen and Ap Lei Chau (including Wong Chuk Hang) ranked fifth with a record of around $8.13 billion.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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