Midland Realty: Private residential presale consent applications in Hong Kong involved 3,778 units in September, up 235.8% month-on-month, hitting a more than four-year high.

Zhito Finance APP has learned that Midland Realty analyst Cen Songqian stated that as Hong Kong's property market conditions improve, developers are accelerating applications for pre-sale consent for their projects to increase flexibility in future sales deployment. According to data from the Land Registry compiled by Midland Realty Research Center, a total of 7 new applications for pre-sale consent for private residential projects were recorded in September, involving 3,778 units, a month-on-month surge of about 235.8% from 1,125 units in August, and a new high in 52 months (over 4 years) since May 2022. The projects involved include Fanling Sheung Shui Town Lot No. 297 Phases 1 to 4 (2,290 units), New Kowloon Inland Lot No. 6647 Phases C and D in East Kowloon (898 units), and Yuen Long Ho Chau Road No. 28 Phase 2 (590 units).