According to the Land Registry, of the 1,525 second-hand private residential sales and purchases with known purchase prices in November 2022, 1,252, or 82.1 per cent, were recorded at a profit, down another 5.5 percentage points from the previous month and down seven months in a row to a record low of 160 months (or over 13 years) since August 2009.

In addition, the average rate of profit per private home resale in November was only 45.1%, a sharp drop of 12.8 percentage points month-on-month and a record low in the 129 months (or nearly 11 years) since February 2012.

In November, the proportion of transactions with a profit of one times or more accounted for 36.9% of all second-hand private home sales, down 2.3 percentage points month-on-month, with 562 transactions recorded.

The number of transactions at a loss rose to 257, up 5.3 percentage points month-on-month to 16.9%, a monthly high for more than 13 years since August 2009, and a second consecutive month below the 10% level, a rare downturn in many years.

Looking at the 10 most profitable properties registered last month, there were no more 100% profitable properties, with the highest success rate at 90% for Kingswood Villas.

The highest success rate was 90% for Kingswood Villas. The average profit rate for each of these 10 properties ranged from a low of 17.1% to a high of 89.7%.

Kingswood Villas had the highest average profit rate per resale case, at 89.7%.

The lowest profit rate in last month's list was achieved by the relatively young LOHAS Park, with an average profit of only 17.1% per case.

The market remained quiet in the second half of November, with a lukewarm response to the launch of first-hand new properties and a lull in second-hand sales.

As a result, more owners were still eager to sell, many of whom held their properties for a shorter period, which significantly reduced profitability and profitability.

Looking ahead to December, the profitability ratio for the first half of the month to 16 December fell further to 81.8%, with the percentage of losing lots increasing to 17.4%.