Midland Realty: First-quarter Hong Kong first-hand large-scale property transactions increased by about 40% quarterly, both in terms of volume and amount reaching a new high after the cooling-off measures were implemented.

Analyst Suen Song-qian of Midland Realty pointed out that, according to data from the Land Registry compiled by Midland Realty Research Center, a total of 268 cases of bulk purchases were recorded in the first quarter of this year (i.e. the same buyer purchased more than one unit in the same month and in the same new development), representing a quarterly increase of about 41.1%. In terms of the number of units involved, bulk buyers acquired a total of 722 units in the first quarter, also increasing by about 40% compared to the previous quarter. In terms of investment, the above-mentioned units involved approximately 7.24 billion Hong Kong dollars, an increase of about 20% compared to the previous quarter, reaching new highs in both volume and value after the cooling measures were implemented. By region, the area with the most bulk purchases in the first quarter of this year was Sai Kung, with a total of 460 units, all from "SIERRA SEA", which is also the project with the most bulk buyers in the first quarter. Next is the Kai Tak area, with a total of 55 units, spread across several new developments in the area, including 14 units from "DOUBLE COAST", 13 from "THE HENLEY", 10 from "Kai Tak Bay", 4 each from "V Harbor. Bayfront", "Skye. Heaven", and "Park Yoho Sham Shui Po", 2 from "T Plus". In third place is Tsim Sha Tsui / Jordan, with a total of 33 units, all from "The Clare"; the fourth and fifth places belong to North Point and Central-Western respectively, with the former recording 29 cases, including 27 from "Gatza Residence Tin Hau" and 2 from "Grand Mansion", and the latter including 14 cases from "The Gloucester", 4 from "Grand Yoho", and 2 each from "UPPER CENTRAL" and "The Zut. " In terms of different amounts, the most units purchased by bulk buyers in the first quarter of this year were those priced at 6 million Hong Kong dollars or less, totaling 363 units, accounting for half of the total cases in the same period, with a quarterly increase of about 116.1%. Next were units priced between over 6 million and 10 million Hong Kong dollars, totaling 267 units, representing a quarterly increase of about 29.6%, indicating a trend of bulk buyers targeting mid-priced new properties; for units priced over 10 million Hong Kong dollars, there were only 82 units purchased by bulk buyers in the first quarter, representing a quarterly decrease of about 40%.