URS: The transaction volume of first-hand residential properties in Hong Kong has surpassed 7,400 units in the first half of the year.

This year, the new property market in Hong Kong has shown a strong performance, with the first-hand transaction volume in the first half of the year surpassing 7400 units. This is an increase of about 7.3% compared to the second half of last year. According to data from the Midland Realty Research Center and market news, the cumulative first-hand residential transaction volume in Hong Kong in the first half of this year (as of May 26) has reached 7439 units, exceeding the total of 6931 units in the second half of last year, and reaching a three-and-a-half-year high since the second half of 2021. Midland Realty's chief analyst, Liu Jiahui, pointed out that although the current transaction volume is still about 13.9% lower than the 8639 units in the first half of last year, there is still potential to surpass it in the remaining one and a half months. However, in terms of unit types, the transaction volume of two-bedroom units has already surpassed the first half of last year, showing a remarkable performance. Data shows that the transaction volume of two-bedroom units in the first half of this year (as of May 26) has reached 3606 units, which is about 14.4% higher than the 3152 units in the first half of last year. This indicates that two-bedroom units are highly favored by the market, and it is believed that in a low-interest environment, they will continue to attract tenants to "rent to buy" into the market. It is expected that the performance of two-bedroom units will continue to outperform the overall market this year.