Mi Lian: Hong Kong's third quarter affordable housing and public housing second-hand market transaction volume fell by approximately 26.6% compared to the previous quarter, reaching a 7-season low.

According to data from the integrated Housing Committee of the of US Alliance Property Research Center, the total number of transactions in the third quarter of Hong Kong's Home Ownership Scheme (HOS) and public housing second-hand market (without premium) was 691, a decrease of about 26.6% from the second quarter's 941 transactions, setting a new low for 7 quarters. US Alliance Property analyst Chan Chung-him pointed out that the Housing Authority has recently issued approval letters to successful applicants of "White Form Secondary Market 2024". With the new round of buyers entering the market, it is expected that the trading volume in the second quarter of the fourth quarter will significantly increase and exceed 1,000 transactions. Chan Chung-him further stated that out of the 691 transactions in the second market of the third quarter, 520 transactions were for HOS units (accounting for approximately 75.3%). The development with the most transactions in the HOS market was Tuen Mun Tin Chung Court, with 18 transactions at an average price of about HK$3.57 million. As for the public housing second-hand market, there were 171 transactions in the third quarter (accounting for approximately 24.7%). The top development was Sham Shui Po Lei Cheng Uk Estate with 13 transactions, at an average price of about HK$1.71 million per transaction.