Midland Realty: The transaction volume of new properties in the Hong Kong property market has reached 80% of the total for last year, with local buyers once again becoming the main force.

According to the Wise Finance and Economics APP, Liu Jiahui, chief analyst of Meilian Property, pointed out that the property market in Hong Kong is very active this year. The latest transaction volume of new projects has surpassed 80% of the total for last year. The transaction of new projects is mainly driven by affordable buildings and the purchasing power of local residents in Hong Kong. It is believed that under the low interest rate environment, local residents in Hong Kong will continue to enter the market enthusiastically.