Hong Kong Property: As of October 22, registrations of second-hand residential properties worth over HK$10 million in Hong Kong approached 6,450 cases, hitting a 5-year high.

Wang Pin Di, Director of Research at Hong Kong Property, said that Hong Kong property prices moved upward this year, coupled with rising upgrading demand, driving satisfactory performance in mid-to-high-value second-hand residential transactions; data compiled by the Hong Kong Property Information Research Department from the Land Registry shows that year-to-date (as of October 22), 6,443 registrations of second-hand residential properties worth over HK$10 million were recorded, already surpassing last year's full-year 5,443 cases by about 18.4%, hitting a 5-year high. If the year-to-date registrations of second-hand residential properties worth over HK$10 million are divided into three districts by year-on-year performance, the New Territories recorded 1,440 registrations, already surpassing last year's full-year 1,241 cases by about 16%; Hong Kong Island (including Discovery Bay) recorded 2,458 registrations, already surpassing last year's full-year 2,082 cases by about 18.1%; Kowloon (including Tseung Kwan O and Sai Kung) recorded 2,545 registrations of second-hand residential properties worth over HK$10 million, already surpassing last year's full-year 2,120 cases by about 20%. As for the ranking of estates by year-to-date registrations of second-hand residential properties worth over HK$10 million, LOHAS Park topped the list with 163 registrations, already surpassing last year's full-year 85 cases by about 91.8%; Taikoo Shing ranked second with 157 registrations, already surpassing last year's full-year 120 cases by about 30.8%; Festival City ranked third with 139 registrations of second-hand residential properties worth over HK$10 million, still about 16.8% lower than last year's full-year 167 cases.