Hong Kong Property Market: From November 1st to 14th, a total of 3,619 property transactions were recorded, more than double compared to the previous period.

According to the data from the Land Registry, as of the 14th of this month, a total of 3,619 properties in Hong Kong (including first-hand private residential, second-hand residential, first-hand public housing, commercial properties, parking spaces, and other non-residential properties) have been registered, an increase of about 107.3% compared to the same period last month. With the official start of the interest rate reduction cycle in September, the property market in Hong Kong has become significantly active. The effects of the policies announced in the government's policy address are expected to be reflected in the property market in the second half of the month. In terms of property registration this month, there were 3,177 registrations for first-hand private residential and second-hand residential properties, an increase of about 1.26 times compared to the same period last month. There were 98 registrations for first-hand public housing, an increase of about 63.3% compared to the same period last month. In non-residential properties, there were 174 registrations for commercial properties, an increase of about 50% compared to the same period last month. There were 170 registrations for parking spaces and other properties, a slight increase of about 2.4% compared to the same period last month.