Hong Kong Property: In April, Hong Kong's second-hand residential property registration volume reached 5,157 units, the second-highest level in two years.
Wong Pin-tai, director of the Hong Kong Property Research Department, stated that according to comprehensive data from the Land Registry, there were 5,157 transactions of second-hand residential properties (including second-hand private residential and second-hand public housing) in April, a slight decrease of about 3.7% from the 5,353 transactions in March. However, it still remains stable above the 5,000 transaction level, marking the second highest in 24 months (2 years).
Director Wang Pindi of the Real Estate Research Department in Hong Kong expressed that, according to data from the comprehensive land registration department of the Real Estate Research Department in Hong Kong, there were 5,157 registrations of second-hand residential properties (including second-hand private residences and second-hand public housing) in April, a slight decrease of about 3.7% compared to the 5,353 registrations in March, but still stable above the 5,000 registrations mark, reaching the second highest level in 24 months (2 years).
Considering the time required from signing the sales contract to submitting it for registration at the land registry, the cases registered in April mainly reflect the market conditions in March. Despite the strong sales of new properties in March, capturing the market's attention, second-hand transactions remained active.
In terms of the volume of second-hand residential registrations in April divided by amount, there were 1,886 registrations of second-hand residential properties priced between over 5 million and 10 million Hong Kong dollars, a slight decrease of about 1.1% compared to the 1,907 registrations in March; there were 2,564 registrations of second-hand residential properties priced at 5 million Hong Kong dollars or less, a decrease of about 4.4% compared to the 2,683 registrations in March; there were 707 registrations of second-hand residential properties priced over 10 million Hong Kong dollars, a decrease of about 7.3% compared to the 763 registrations in March.
As for the ranking of residential estates in terms of the number of second-hand residential property registrations in April, Sun Hung Kai Properties topped the list with 115 registrations, a decrease of about 3.4% compared to the 119 registrations in March; Discovery Bay came in second with 51 registrations, a significant increase of about 54.5% compared to the 33 registrations in March; and Park Island ranked third with 35 registrations of second-hand residential properties, a decrease of about 10.3% compared to the 39 registrations in March.
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