Central Plains Real Estate: The top ten housing estates recorded 9 transactions over the weekend, a decrease of 3 transactions compared to last week

The Zhitong Finance App learned that the top ten housing estates in the Central Plains recorded 9 transactions over the weekend, a decrease of 3 or 25% compared to last week, and 3 housing estates with zero transactions. Chen Yongjie, vice chairman of the Asia Pacific region of Central Plains Real Estate and president of the Housing Department, said that although the Bank of Hong Kong did not follow suit, it was also good news for the overall market, increasing buyers' confidence in entering the market. However, the market's attention was focused on new listings this weekend, distracting second-hand sales. The holiday atmosphere at the end of this month may slow down the pace of trading, but as Hong Kong property prices have bottomed out and rebounded, it is expected that trading will gradually speed up after the holiday season.

According to statistics from Midland Property Branch, the top 10 second-hand housing estates recorded about 10 transactions on Saturday and Sunday, a slight drop of about 16.7% from the 12 cases last weekend, but remained in double digits for 9 weekends. When calculating the 15 largest housing estates, a total of about 11 transactions were recorded over the weekend, down about 15.4% from 13 transactions last weekend.

Bu Shaoming, senior director of Midland Properties, said that in the past few days, several new listings have been relaunched, along with the sale of surplus pallets. The first-hand market atmosphere is lively, and purchasing power continues to be unleashed. However, new listings have taken over the customer base, and used bamboo shoots have narrowed, hampering second-hand trading over the weekend. This month, due to holiday factors, it is expected that second-hand trading performance will continue to be repeatedly pressured in the second half of the month, but it is expected that US debt purchases and interest rates will still be cut. There is still room for interest rate cuts in Hong Kong. The overall future market trend remains ideal, and Hong Kong property prices will rise steadily.

According to the weekend turnover distribution statistics of the top 10 index housing estates in Hong Kong Island, 3 housing estates on Hong Kong Island, including Taikoo Shing, Kornhill Gardens, and Haiyi Peninsula, recorded about 3 transactions, up 50% from 2 last weekend; 4 indicator estates in Kowloon, including Laguna City, Whampoa Garden, Metropolis City, and Mei Foo Sun Chuen recorded 5 transactions, down about 28.6% from 7 last weekend; the three indicator estates in the New Territories, Yingwan Garden, Shatin First Town, and Kingswood Villas recorded 2 transactions, down 3 transactions from the previous weekend Approximately 33.3%.