New launches grab attention, the second-hand market continues to be under pressure | Hong Kong 香港
New projects in Kai Tak, Kowloon District, went on sale last weekend, and the sales were satisfactory, attracting the attention of the market, which continued to put pressure on second-hand property transactions. A total of 40 transactions were recorded in 35 large-scale housing estates in Hong Kong in the past week (June 26 to July 2), a slight decrease of 1 transaction from the previous week’s 41 transactions, or about 2.4%. If these 35 housing estates are divided according to the three districts of Hong Kong, Kowloon, and New Territories, the Hong Kong Island district performed outstandingly, with 16 transactions recorded in the district last week, an increase of about 77.8% week-on-week. In Kowloon, 13 transactions were recorded last week, an increase of about 8.3% week-on-week. In contrast, the New Territories recorded 11 transactions last week, a sharp drop of about 45% from the previous week. In terms of property prices, the “Midland Property Price Index” was last reported at 154.17 points, a slight decrease of 0.06% week-on-week; a decrease of 0.35% from four weeks ago; and a year-to-date increase of 5.57%. Disclaimer The copyright of this report belongs to HongKongFloorPlans. Midland Real Estate Real Estate Information and Research Center strives to be accurate and reliable. All information, opinions and forecasts are for reference only, and no guarantee is made for its accuracy and completeness. Investment based on this is at your own responsibility. #香港工作#Hong Kong Buying a House#Hong Kong Buying a House Strategy#美联物业#香港美联物业#香港好房#Hong Kong House#Hong Kong Exploring Room#Hong Kong Watching a House#Hong Kong Real Estate#Hong Kong Price#Hong Kong Real Estate