Midland Realty: Hong Kong's overall property sales volume in April reached 8680 transactions, setting a new high for the year.

Analyst Siongqian Cen of Midland Property pointed out that the trading in the Hong Kong property market has been continuously robust. According to data from the Midland Property Research Center, a total of 8,680 properties (including first-hand private residential properties, second-hand residential properties, first-hand public housing, commercial properties, parking spaces, and others) were registered in April, an increase of about 12.2% compared to the previous month. Due to the time required from signing the sales contract to registering with the Land Registry, the registered cases in April mainly reflect the market conditions in March. It can be seen that after the escalation of geopolitical tensions in the Middle East at the end of February, the trading performance in the Hong Kong property market remained strong. The registration volume in April not only reached a new high for the year, but also reached the second highest level in two years. With steadily rising property prices in Hong Kong, buyer confidence has strengthened, and purchasing power continues to be released. As we enter May, second-hand property trading is quite active. According to Midland Bank's data, a total of 102 transactions were recorded in the past week (April 27 to May 3) in the 35 large estates in Hong Kong, an increase of about 45.7% compared to the previous week (April 20 to April 26), and a new record in 13 weeks. If the 35 estates are divided into three districts, 34 transactions were recorded in 10 estates in Kowloon last week, doubling weekly. Among them, Mei Foo Sun Chuen recorded 14 transactions in a single week, an increase of 10 transactions; Whampoa Garden also increased by 4 transactions, while Regalia Bay and East Point City each increased by 2 transactions, and ParknShop Garden by 1 transaction. Even with a decrease of 1 transaction each in Larvotto and New Town City, the trading volume in Kowloon has increased significantly. As for the New Territories, 49 transactions were recorded in 17 estates last week, an increase of about 58.1% from the previous week. City One in Sha Tin recorded 16 transactions, an increase of 12 transactions from the previous week; Tai Po Centre increased by 6 transactions, New Yuen Long Centre by 2 transactions, and Lychee Garden, Tsuen Wan Centre, Horizon Cove, New Riverbay City, and New Tuen Mun Centre each increased by 1 transaction; even with a decrease of 4 transactions in Park Island, Lang Cai Yuan, Juncheng Garden, and Hawaii Villa each decreased by 1 transaction, the trading in the New Territories last week was still significantly upward. As for the Hong Kong Island district, 19 transactions were recorded in 8 estates last week, a decrease of about 13.6% from the previous week. Among them, Taikoo Shing decreased by 3 transactions, City Garden and Carp Lake Bay each decreased by 1 transaction; even with an increase of 1 transaction each in South Horizons and Heng Fa Chuen, the trading in the Hong Kong Island district last week decreased.