Hong Kong Real Estate: First-hand residential transactions in Hong Kong surpassed HK$200 billion in the first 10 months and hit a 5-year high

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 news, the first-hand transaction amount for the first 10 months of this year recorded about $209.25 billion (HK$, same below), which surpassed the full year of last year of about 205.1 billion yuan and hit a 5-year high. If the first-hand transaction amount for the first 10 months of this year is divided, the new edition sold in the first 10 months of this year involved about 89.13 billion yuan, accounting for about 42.6%; for the end of the year, it recorded about 120.2 billion yuan, accounting for about 57.4%, reflecting that the end of the goods market has become the main driving force for attracting money in the first-hand market.

Divided by price range, out of a first-hand transaction amount of about $209.25 billion in the first 10 months of this year, properties over $10 million dominated, accounting for about $130.49 billion, accounting for about 62.4% of all first-hand transactions. It is worth noting that out of a one-lot transaction of over 10 million yuan, about 93.57 billion yuan was recorded at the end of the day, which is equivalent to about 71.7% of this type of first-hand transaction amount. It can be seen that the gold absorption power of over 10 million yuan one-lot is more prominent at the end of the day.

In contrast, in terms of one-lot transactions of 10 million yuan or less, there is more capital involved; the transaction amount of over 6 million yuan to 10 million yuan was about 58.38 billion yuan, of which the new lot accounted for about 37.9 billion yuan, which is equivalent to about 64.9% of this type of first-lot transaction amount, while the transaction amount of 6 million yuan or less was about 20.38 billion yuan, of which the new inventory was about 14.3 billion yuan, accounting for about 70.2%. It is worth noting that the new edition dominates the small and medium price first-hand market of 10 million yuan or less, in stark contrast to the pattern where the end of the goods market focuses on the middle- and high-priced primary market. It can be seen that the two are attractive in different price ranges.

As for the top 5 regions in terms of end-of-trade turnover in the first 10 months of this year, Kai Tak topped the list with about 29.41 billion yuan, surpassing the second-seat Western Banshan by about 1.5 billion yuan. Ho Man Tin ranked third with a record of about $9.21 billion, Shatin ranked fourth with a record of about $8.56 billion, and Aberdeen and Ap Lei Chau (including Wong Chuk Hang) ranked fifth with a record of around $8.29 billion.