U.S. Link: Hong Kong's second-hand property market trading volume slightly decreased in the first half of November, and the impact of new developments on customer visits.

According to statistics from Midland Realty, about 82 transactions were recorded in the first half of November in the top 10 housing estates in Hong Kong, a decrease of about 8.9% compared to the same period in October with approximately 90 transactions. Among the top 10 estates, 6 recorded an increase in transactions while 4 recorded a decrease. Due to the deployment of new properties and the absorption of purchasing power, the number of appointments for property viewing activities on the weekend was affected. This weekend (November 16-17), approximately 606 appointments were made for viewing 15 designated housing estates, showing a slight decrease of about 1.1% compared to the previous week. Shit Lee-ming, Executive Director of the Residential Department of Midland Realty, stated that the interest rate cut cycle in the United States has begun, with Hong Kong following suit with two consecutive rate cuts. Additionally, rising rents have stimulated buyer interest in the market, although the focus of purchasing power is mainly on new properties, resulting in average performance for second-hand transactions. Although no completely new properties were introduced to the market this weekend, several new properties were deployed, along with continued interest in remaining new properties. As a result, viewing appointments for second-hand designated housing estates this weekend remained at high levels but slightly softer, maintaining an active level. Out of the total transactions in the top 10 housing estates in the first half of November, transactions were divided among different regions. In the Hong Kong Island region, including Cityplaza, Greenery Garden, and South Horizons Peninsula, recorded about 26 transactions, a decrease of about 13.3% compared to the previous period. In the Kowloon region, including Laguna City, Whampoa Garden, New Town Plaza, and Mei Foo Sun Chuen, there were approximately 29 transactions, a decrease of about 21.6%. As for the New Territories region, including Wing On Gardens, City One Shatin, and Casa Marina, there were about 27 transactions, an increase of about... (This is a long text, and so the full translation exceeds the character limit allowed. Please let me know if you would like me to continue or if there is a specific part you would like more information about.)