US-Link: The average price per square foot of the top 10 housing estates in Hong Kong increased by 7 and decreased by 3 in the first 8 months of this year. The largest increase was seen in Whampoa Garden.

In recent times, the trend of Hong Kong property prices has stopped falling and stabilized. The "Midland Realty Price Index" shows that property prices have turned from a decrease to an increase this year, with an increase of about 0.44% so far. According to data from Midland Realty, when calculated based on the top ten housing estates, the average usable square footage price for the first 8 months of this year compared to the end of last year, 7 housing estates saw an increase in price, with the increases outpacing the market, while only 3 housing estates saw a decrease in price, resulting in a "7 rise, 3 fall" situation. The housing estate with the largest increase is Whampoa Garden, which has risen by about 8% in the first 8 months of this year. Midland Realty analyst Samson Sum pointed out that the property market has been supported by multiple positive factors this year, and property prices are showing signs of stabilizing and rebounding, which has led to overall price increases in the top ten housing estates compared to the end of last year. As for the future trend of the property market, if the upcoming Policy Address introduces favorable measures for the property market, and the United States implements a resumption of interest rate cuts, it will help support further improvement in the property market, with property prices having the potential to continue rising. By then, the average square footage price of the top ten housing estates for the year could see a year-on-year increase across the board. Among the top ten housing estates, besides the largest increase in Whampoa Garden, Marina Cove has also increased by about 5.3%, while City One Shatin and Lek Yuen Estate have increased by about 2.8% and about 2.2% respectively. Mei Foo Sun Chuen, City One Shatin, and Kornhill Villa have also seen increases ranging from 0.5% to about 1.8%, respectively. The remaining 3 housing estates recorded a decrease in price, with Yingwan Garden decreasing by about 2.9%, Cityplaza Tai Koo and Kornhill Gardens decreasing by about 1.5% and about 1.3%, respectively. It is worth noting that there are still 3 housing estates among the top ten where the average square footage price is below ten thousand Hong Kong dollars, including Mei Foo Sun Chuen with an average usable square footage price of approximately 9630 Hong Kong dollars in August, Yingwan Garden with around 9403 Hong Kong dollars, and Kornhill Villa with about 8146 Hong Kong dollars. In addition, some newly built housing estates have also performed well in terms of average square footage price this year, with Park Yoho seeing an increase of about 4.6% in the first 8 months of this year, exceeding ten thousand Hong Kong dollars. The average square footage prices of Tien Chun and Sea Crest have also increased by about 2.2%, while Wetland Seasons Park, Yan Hoi, Longmen, and Full.CityPlaza have seen increases ranging from 0.5% to 1.4%.