2024-04-25 28Hse Editor
Hong Kong ushered in the first Lunar New Year after the epidemic subsided. This year's Lunar New Year holiday plus the weekend lasted for five days. While citizens were traveling and returning to their hometowns for the New Year, they did not slow down their pace of entering the market. According to Centaline Real Estate data, there were 18 second-hand transactions in the top ten housing estates during the 5-day holiday, which is the most prosperous Lunar New Year holiday on record. Chen Yongjie, vice chairman of Centaline Asia Pacific and president of the housing department, said that before the new year, customs clearance in the two places will return to normal, and people's life will begin to return to normal after the epidemic prevention policy is relaxed. .
Among the 18 transactions in Central Plains, Taikoo Shing and City One Shatin recorded the most, with 5 transactions each. Chen Yongjie analyzed that in the past ten years during the Lunar New Year holidays, the top ten housing estates only recorded less than ten transactions, which shows that the atmosphere of second-hand transactions this year is quite buoyant.
Midland Realty also ushered in a "good start" for the Year of the Rabbit, recording 20 transactions during the 5-day holiday, a new high after 22 transactions during the 2011 Chinese New Year long weekend. Bu Shaoming, Chief Executive Officer (Hong Kong and Macau) of the residential department of the bank, said that the housing estates have shown a rebound in price recently, and the transaction volume has hit a record high in 12 years. It is a "red market" for the Year of the Rabbit, and the annual property price is expected to rise by 10%. to 15%, and the luxury housing market is expected to rise by 15% to 20%.
Agents say that customs clearance drives the property market atmosphere
Liao Weiqiang, president of Ricage Real Estate, optimistically pointed out that since the customs clearance on the 8th of this month, the overall property market atmosphere has changed from before, and the property market will soon return to normal pace. The bank recorded a total of 15 transactions during the five-day Chinese New Year holiday, of which 4 transactions were recorded in Metropolis, Tseung Kwan O. In addition, a total of about 14 transactions were recorded during the 5-day long holiday in Hong Kong. CEO Ma Taiyang believes that the launch of new properties will stimulate the release of purchasing power.
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