Mi Liang: The number of transactions for first-hand residential properties in Hong Kong has exceeded 10,000 within less than 7 months this year. It is expected that the market will continue to improve in the second half of the year.

According to the Wisdom Financial APP, the Hong Kong primary residential market maintained strong momentum in July, with a total of 1,085 transactions in the first half of the month (as of the 15th), equivalent to 72% of the total of 1,506 transactions in June. This also set a new record of consecutive months with over a thousand transactions for the sixth month in a row, the last time this occurred was from May to November 2021 (seven consecutive months). Driven by strong sales of new developments, the number of transactions in the primary residential market has surpassed 10,000 within less than 7 months this year, totaling 10,388 transactions, setting a new record for the fastest time to reach this level in nearly 6 years.