2024-05-03 28Hse Editor
After the release of the new policy address, the outlook for the Hong Kong property market has become brighter, and a number of brand-new properties have also been launched for sale quickly, and are concentrated in the New Territories, including Shang Shui Shangyi, Fo Tan Xingkai Lei An and Tseung Kwan O Hynin Manor and so on. Among them, Shangyi and Xingkai Embankment, which are already on sale, have ideal sales, and Haiyin Manor has been priced last week and is preparing to go on sale this month. The agent estimates that with the launch of several new properties in the fourth quarter, the sales volume of new properties this season is expected to exceed 5,000 units, an increase of about 20% from the previous quarter and a record high in nearly 10 quarters. Based on the whole year of this year, the sales volume of new disks is expected to reach 18,000 units, an increase of nearly 25% year-on-year.
Sales of new properties this season are expected to exceed 5,000 units
Bu Shaoming, Chief Executive Officer of Midland Realty’s Residential Department, said that in the fourth quarter, it is expected that the potential supply units for new developments will be approximately 9,400 units in the whole season. 1,759 units; followed by Tseung Kwan O District, accounting for about 1,556 units; followed by Sha Tin District, accounting for about 1,401 units. The above-mentioned area will be the focus area of the property market in the fourth quarter.
Bu Shaoming pointed out that due to the continuous improvement of the property market sentiment, buyers' desire to enter the market is increasing, and developers are expected to accelerate the pace of launching. Set a new high in the past 10 seasons. Based on the whole year of this year, the number of first-hand private property registrations this year (as of October 19) has recorded 13,792, which is still about 10.4% lower than that of last year. However, the annual first-hand sales volume is expected to reach 18,000 units. , Which rebounded nearly 25% year-on-year.
Liu Jiahui, chief analyst of Midland Realty, pointed out that this year's residential and non-residential market transactions are quite brisk, driving the overall property registration "volume" has surpassed last year. According to information from the Comprehensive Land Registry, 51,087 second-hand residential registrations have been recorded so far this year (as of October 19), which is about 8.9% higher than that of last year and a 9-year high.
Second-hand sales this year is 8.9% higher last year
In view of the fact that the market focus in the fourth quarter is on first-hand and the second-hand is at a high level of contention and consolidation, Bu Shaoming estimates that second-hand transactions will remain stable in the fourth quarter. It is estimated that about 12,000 cases were recorded in the quarter. In response to the recent slow delivery of second-hand delivery, the forecast for the number of transactions for the whole year has been lowered from the original estimate of 67,700 to more than 60,000. However, it still rose by more than 20% year-on-year and hit a 9-year high.
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