The second-hand transaction volume fell last week and still hit the second highest level in nearly 8 weeks | Hong Kong 香港

The uncertain trend of US interest rates and the impact of external economic factors caused the Hong Kong Hang Seng Index to drop by more than 1,100 points last week, and the sentiment of the property market was also affected. A total of 41 transactions were recorded in 35 large housing estates in Hong Kong in the past week (June 19 to June 25), a decrease of 16% from 49 in the previous week, but still the second highest in nearly 8 weeks. If these 35 housing estates are divided according to the three districts of Hong Kong, Kowloon and New Territories, the Kowloon district performed poorly, with 12 transactions recorded in the district last week, a decrease of nearly 37% from the previous week. As for the New Territories, 20 transactions were recorded last week, which also dropped by 13% week-on-week. In contrast, Hong Kong Island recorded 9 transactions last week, and the number of transactions increased by nearly 30% on a weekly basis. In terms of property prices, the “Midland Property Price Index” was last reported at 154.26 points, a slight increase of 0.05% week-on-week; however, it was still down 0.39% from four weeks ago; and it was up 5.63% so far this year. Disclaimer The copyright of this report belongs to HongKongFloorPlans. Midland Property 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