Summarize in english this content to 100 words Sales in the new project market continue to be booming. Last week, a large-scale new project went on sale on Hong Kong Island for the first time, and the response was enthusiastic, grabbing the market's focus. In addition, many of the earlier discounts have been absorbed, and the performance of the second-hand market slowed down last week. Based on data from Midland Branch, a total of 57 transactions were recorded in 35 large housing estates in Hong Kong in the past week, a decrease of about 30% on a weekly basis, but still slightly higher than the average of about 54 transactions per week last year by about 6%. If these 35 housing estates are divided according to the three districts of Hong Kong Island, Kowloon and the New Territories, even though a large-scale new project was launched in the Hong Kong Island District last week, the second-hand transaction volume in the district still bucked the market trend and rose. The Hong Kong Island District recorded a 20 transactions were completed, a week-on-week increase of more than 30%. On the contrary, Kowloon District only recorded 12 transactions last week, a significant decrease of more than 55% on a weekly basis. In the New Territories, 25 transactions were recorded last week, a decrease of more than 35% on a weekly basis. In terms of property prices, the “Midland Home Price Index” was last at 135.81 points, up 1.21% week-on-week, rising for three consecutive weeks; it also rose 1.66% from four weeks ago, and the decline so far in 2024 has narrowed to 1.27%. Disclaimer The copyright of this report belongs to HongKongFloorPlans. HongKongFloorPlans Research Center strives to be accurate and reliable. All information, opinions and forecasts are for reference only. It does not guarantee its accuracy and completeness. You must invest at your own risk based on this information. #香港job#Hong Kongbuying a house#Hong Kong buying a house strategy#美联 property#Hong Kong Midland Property#Hong Kong Good House#Hong Kong House#Hong Kong House Visit#Hong Kong House Viewing#Hong Kong Real Estate#Hong Kong House Price#Hong Kong Real Estate

Sales in the new project market continue to be booming. Last week, a large-scale new project went on sale on Hong Kong Island for the first time, and the response was enthusiastic, grabbing the market's focus. In addition, many of the earlier discounts have been absorbed, and the performance of the second-hand market slowed down last week. Based on data from Midland Branch, a total of 57 transactions were recorded in 35 large housing estates in Hong Kong in the past week, a decrease of about 30% on a weekly basis, but still slightly higher than the average of about 54 transactions per week last year by about 6%. If these 35 housing estates are divided according to the three districts of Hong Kong Island, Kowloon and the New Territories, even though a large-scale new project was launched in the Hong Kong Island District last week, the second-hand transaction volume in the district still bucked the market trend and rose. The Hong Kong Island District recorded a 20 transactions were completed, a week-on-week increase of more than 30%. On the contrary, Kowloon District only recorded 12 transactions last week, a significant decrease of more than 55% on a weekly basis. In the New Territories, 25 transactions were recorded last week, a decrease of more than 35% on a weekly basis. In terms of property prices, the “Midland Home Price Index” was last at 135.81 points, up 1.21% week-on-week, rising for three consecutive weeks; it also rose 1.66% from four weeks ago, and the decline so far in 2024 has narrowed to 1.27%. Disclaimer The copyright of this report belongs to HongKongFloorPlans. HongKongFloorPlans Research Center strives to be accurate and reliable. All information, opinions and forecasts are for reference only. It does not guarantee its accuracy and completeness. You must invest at your own risk based on this information. #香港job#Hong Kongbuying a house#Hong Kong buying a house strategy#美联 property#Hong Kong Midland Property#Hong Kong Good House#Hong Kong House#Hong Kong House Visit#Hong Kong House Viewing#Hong Kong Real Estate#Hong Kong House Price#Hong Kong Real Estate