Hong Kong Property: Second-hand private residential properties in Hong Kong recorded a profit of nearly 65% in November, reaching a 9-month high.

Wang Pindi, director of the Property Research Department of Hong Kong, said that with the rebound of Hong Kong property prices in the middle of the year, profit margins have gradually improved. According to data from the Land Registry compiled by the Property Research Department of Hong Kong, the average profit margin for November was about 64.9%, an increase of about 1.1 percentage points from October's 63.8%, marking a four-month consecutive increase and a nine-month high. It is noteworthy that Hong Kong property prices have risen by about 6.4% from the low point of the year, and the profit margin for November has increased by about 2.8 percentage points from the low point of the year. Given the time required from signing a contract to registration at the Land Registry, the November registration cases mainly reflect the market conditions in October. When dividing the profit margins of second-hand private properties with known purchase prices by district, Wong Tai Sin has the highest profit margin among the 18 districts, reaching 91.3%, with the most profitable cases in the current Sung Shan estate; followed by Sha Tin, where about 82.2% of cases have a profit margin, with the most profitable cases in the first city of Sha Tin; and the North District has about 77.3% of cases with a profit margin, with the most profitable cases in Kin Sang Garden. As for the top ten estates with known purchase prices for second-hand private properties in November, the average profit margin is about 87.8%, nearly 22.9 percentage points higher than the overall market profit margin; among them, all properties in Sha Tin first city and Ap Lei Chau Peninsula had profits, Jardine's Lookout, Taikoo Shing, Sino Group City, and Hong Kong Flower Garden had over 80% of cases with profits, Ying Wan Garden, Whampoa Garden, and Mei Foo Sun Chuen had about 80% or more of cases with profits, and the estate with the lowest profit margin, Park Island, also had about 78.6% of cases with profit, much higher than the overall market.