Hong Kong Real Estate: In the first nine months of this year, first-hand residential transactions in Hong Kong surged by about 30.6% year on year to HK$190 billion

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 comprehensive first-hand residential property sales information network data and market information, the first nine months of this year recorded 14,876 first-hand transactions, a slight decrease of about 1.8% from 15153 in the same period last year, but it was still the second highest in nearly 7 years; in terms of value, the first-hand transaction involved an amount of about HK$191.59 billion, a significant increase of about 30.6% from HK$146.73 billion in the same period last year, and a significant increase of about 30.6% from the first-hand sales regulations after the first-hand sales regulations came into effect A record high for the same period.

The year-on-year performance of first-hand transactions was remarkable, mainly driven by the year-on-year improvement of medium- and high-priced property transactions; if the first-hand volume performance in the first nine months of this year was divided by value, over HK$6 million to HK$10 million recorded 6,736 transactions, an increase of about 58.6% over 4246 transactions in the same period last year; 4,613 transactions over HK$10 million were recorded, an increase of about 43.3% over 3219 transactions in the same period last year.

Furthermore, the performance of luxury properties this year was quite good, which is another reason driving first-hand sales of over HK$50 million; the first nine months of this year recorded 416 first-hand transactions of over HK$50 million, surpassing 386 transactions in the whole of last year by about 7.8%, setting a record high for first-hand residential property sales regulations in 2013. Among them, Zhongxi Tianyu topped the list with 41 first-hand transactions of over HK$50 million, Kai Tak Tianxi Sea ranked second with 30 first-hand transactions of over HK$50 million, followed by Kowloon Tong Yuen with 26 one-hand transactions of over HK$50 million.