MTR: The accumulated unsold units in Hong Kong in November decreased significantly by over 4000 units, and it is expected to drop below 19,000 units by the end of the year.

According to data from the research center of Midland Realty, as of November (up to the 26th), the cumulative unsold inventory in Hong Kong (including presale and completed units) was about 19,060 units, a decrease of 2.9% compared to the previous month, marking the 10th consecutive month of decline and reaching a new low in 29 months (almost 2 and a half years) since June 2023. Compared to the peak in January this year of 23,121 units, the inventory has significantly decreased by more than 4,000 units, a drop of about 17.6%. Midland Realty analyst Samson Sum pointed out that when comparing the latest inventory numbers in November (up to the 26th) with the peak in January of 23,121 units, the inventory in all three regions of Hong Kong, Kowloon, and the New Territories has decreased. The largest decrease was in Kowloon (including Tseung Kwan O and Sai Kung), with the latest inventory at 10,213 units, a significant decrease of about 2,780 units from January, a decrease of 21.4%. Sum predicts that the volume of first-hand transactions in December will continue to exceed a thousand units, marking the 11th consecutive month of over a thousand units, and anticipates that the cumulative inventory in December will continue to decrease, with hopes of falling below the 19,000 unit mark by the end of the year.