The property market continues to be sluggish, but the second-hand market has improved slightly. According to Centaline Property, a total of 11 transactions were recorded in the top 10 housing markets in the last two days, a significant increase from last week's 4 transactions.

Centaline Property Asia Pacific Vice Chairman and President of the Residential Division, Vincent Chan, said that inflation in the United States has slowed down significantly, and the market expects that there is a chance to reduce the rate of interest rate increase in the future.

In addition, the relaxation of entry quarantine measures in the Mainland has brought customs clearance closer, and some buyers took the opportunity to enter the market at a low level, and the transaction atmosphere has slightly rebounded.

However, all areas continue to maintain low transaction prices, Fotan Jingjun Garden even has a company responsible for the goods. After four years, the book loss let about 4 million leave the market.

In addition to the rebound in Centaline Property's second-hand transactions, United Property's top ten second-hand index housing estate transactions also doubled week-on-week, recording 12 transactions, a three-week high and back to double-digit levels.

United Properties Housing Division (Hong Kong and Macau) Chief Executive Officer Shao Ming Bu said the Mainland announced the relaxation of quarantine to "5 + 3", stimulating Hong Kong stocks rebounded sharply. Moreover, the negative news such as interest rate increase was digested by the market one after another, which is conducive to the atmosphere of the property market.

As for other agents, Ricacorp Properties recorded 10 transactions in the top 10 housing markets this past weekend, which doubled on a weekly basis. In Hong Kong, home ownership transactions were recorded at 16, more than doubling on a weekly basis.

Despite the improvement in the secondary market, negative factors continue to plague the buying and selling market. Many areas continued to record low transaction prices, with Fotan Jingjun Garden posting significant losses.

According to Fok Pak Hung, a real estate company in Centaline, King Chun Garden, a 990-square-foot, three-bedroom divided high-rise C flat overlooking a mountain view, was quoted at about $12 million when it was listed, and was negotiated at $11 million for $11,111. The buyer was a subscriber.

The original owner was a foreigner. in 2018, he bought the unit for approximately $15 million. Having held the property for 4 years, the book loss was about $4 million and the unit depreciated about 27%.

Amoy Fannie Mae and Freddie Mac have shrunk by 25% in the past 4 years.

In addition, a soil erosion case was also recorded in Amoy Gardens in Kowloon Bay. Bao Yunzhong of Ricacorp Properties said Block M has four high-rise rooms with 322 square feet and two rooms separated by a mountain view.

The original owner started asking for $5.38 million at the end of last month and has since dropped $600,000, a reduction of about 10 percent. It changed hands for $4.78 million, with an actual size of $14,845.

The original owner purchased it in June 2018 for $6 million and has held it for over 4 years with a book loss of $1.22 million, or about 20%; actual material loss was over $1.5 million, or about 25% if you include expenses.

As for the first hand, although there were brand new discs for sale over the weekend, they were all relatively small and the sales were not satisfactory, resulting in only about 23 total transactions over the weekend.

Among them, Vanke Hong Kong Sham Shui Po Lian Fong I recorded 7 transactions, and Henderson Land Fanling ONE INNOVALE Cabanna recorded 6 transactions. Although there were only 13 transactions in total, they accounted for 57% of the transactions over the weekend.

In addition, HGI HUNGHOM BIJIA HOUSE Ying Hui announced the first batch of 56 sets of price list last Thursday. The tickets were collected last Saturday and about 245 were collected in two days, which is about three times more than the volume.

As for ONE INNOVALE-Cabanna, the price list of 3 was added last night, involving 57 groups with 224 to 683 square feet and 45 groups of mini units with 224 to 304 square feet.

The entire batch of units maintain a 30% discount, with actual prices ranging from $3,363,000 to $9,500,000. The actual average price is $14,438, up 1.6% from the previous average price of $14,208 in Price List No. 2.

Meanwhile, the project announced the sales arrangement and will sell Group 113 on a first-come, first-served basis this Thursday.