MELIAN: The number of appointments to view second-hand residential estates in Hong Kong dropped by approximately 4.4% during the last weekend of the year.

Donald Po, Chief Executive of the Residential Department of Colliers International, stated that the Hong Kong property market has benefited from factors such as the removal of cooling measures, multiple interest rate cuts, and relaxation of mortgage restrictions, stimulating both primary and secondary property transactions to reach a three-year high. With increased purchasing power, buyers are actively searching for suitable properties in the market. However, the activities of viewing second-hand properties may have been hindered in December due to holiday factors, as well as a significant number of homeowners and potential buyers traveling abroad during the final weekend of the year. Consequently, there was a decrease in the number of property viewings over the weekends. Nevertheless, as the holiday season fades and developers plan to launch new projects next year, it is believed that this will stimulate buying interest and lead to a rise in property viewings. Due to traditional holiday and travel factors, the number of appointments for property viewings in 4 designated estates on Hong Kong Island this weekend recorded approximately 143 groups, a decrease of about 5.9% compared to the previous week. In Kowloon, the number of appointments for viewings in 7 designated estates is approximately 203 groups, a decrease of about 5.6% from the previous weekend. The number of appointments for viewings in 4 designated estates in the New Territories has also decreased slightly, recording approximately 197 groups, a decrease of about 2% compared to the previous week.