Midland Realty: 57 transactions were recorded in 35 housing estates in Hong Kong last week, an increase of approximately 7.5% from the previous week, setting a new 4-week high.

With signs of easing trade tensions and the recent quick sales of large-scale new developments in West Kowloon, the property market in Hong Kong has improved, leading to steady increase in secondary market transactions last week. According to data from Midland Realty, a total of 57 transactions were recorded in 35 major housing estates in Hong Kong in the past week (April 28 to May 4), an increase of approximately 7.5% from the previous week, marking the second consecutive week of increase and a new high in 4 weeks. Midland Property's chief analyst, Liu Jiahui, pointed out that among these 35 housing estates divided into three districts, 18 transactions were recorded in 8 estates on Hong Kong Island last week, representing a weekly increase of about 38.5%. Among them, transactions in Amber Garden and Ap Lei Chau went up by 3 and 2 respectively, while City Garden and South Horizons added 1 each; only Taikoo Shing recorded a decrease of 2 transactions, indicating an upward trend in trading activity on Hong Kong Island last week. As for Kowloon district, a total of 19 transactions were recorded in 10 housing estates last week, with no change in the number of transactions compared to the previous week. New Town Plaza saw an increase of 2 transactions, while Mei Foo Sun Chuen, Metro Harbour View, and Telford Gardens each added 1 transaction; however, transactions in Whampoa Gardens decreased by 3, while The Harbourside and Laguna Verde decreased by 1 each. In the New Territories, a total of 20 transactions were recorded in 17 housing estates last week, representing a decrease of about 4.8% from the previous week. Among them, Leighton Hill saw a decrease of 3 transactions, while Larvotto, The Palisades, and Grand Yoho each decreased by 1; on the other hand, Dynasty Heights and Villa Athena recorded an increase of 2 transactions each, with Greenview Gardens, Tsuen Wan Centre, and Discovery Bay each adding 1 transaction.