Ricacorp: October Hong Kong first-hand private residential transactions recorded 1,376 cases, down 5% month-on-month.

Zhitong Finance APP has learned that Chen Haichao, head of the research department at Ricacorp Properties, said that after Hong Kong's primary new-home market surged in September, the number of sale and purchase registrations edged down in October, but overall trading performance remained strong, holding steady above the 1,000-transaction level for two consecutive months. According to consolidated Land Registry data, Hong Kong recorded a total of 1,376 primary private residential sale and purchase registrations in October, with a total value of HK$18.534 billion, down slightly by 5% and 12% respectively from 1,447 transactions and HK$21.030 billion in September; although the number of transactions dipped modestly after two consecutive months of gains, it was still the second-highest in the past four months, and the amount also fell in tandem accordingly.