: The property market in Hong Kong continues to improve, with increased activity in both new and second-hand properties last week.

The temporary suspension of the tariff war, combined with the significantly lowered interest rates, has stimulated positive sentiment in the Hong Kong property market. The performance of the primary market has been impressive, with the recent sales of the new development in Sai Sha resulting in over 700 transactions last week, reaching a new high for the first time in over half a year since late October last year. Secondary transactions have also been picking up, with a total of 72 transactions recorded in 35 major housing estates in Hong Kong in the past week (May 12th to May 18th), marking an increase of approximately 12.5% from the previous week (May 5th to May 11th), continuing to rise for four consecutive weeks and reaching a 7-week high. Liu Jiahui, Chief Analyst of Midland Realty, pointed out that when the 35 housing estates are divided into three regions, 13 transactions were recorded in 8 housing estates on Hong Kong Island last week, representing an increase of approximately 44.4% from the previous week. In Kowloon, 26 transactions were recorded in 10 housing estates last week, representing an increase of approximately 23.8% from the previous week. As for the New Territories, 33 transactions were recorded in 17 housing estates last week, representing a decrease of approximately 2.9% from the previous week.