logo
香港 icon
icon 香港 icon
新聞與資訊
The newly launched real estate market continues to languish
The newly launched real estate market continues to languish 香港
By   Internet
  • 城市報
  • New market
  • real estate turnover
  • real estate supply
Abstract: Following the government's withdrawal of housing restrictions in late February this year, there was initially a surge in activity in Hong Kong's newly launched property market. However, the pace of new launches has notably slowed down recently, accompanied by a decline in first-hand transaction volumes.

Over the past two days, there have been only 26 transactions in the newly launched property market, marking the third consecutive weekend of decline, with a 57% decrease compared to the previous weekends, hitting a new low since the government relaxed restrictions. Notably, one 4-bedroom unit in The Peak in Kowloon sold for HK$190 million, becoming the largest transaction of the weekend.


Since the government's relaxation of restrictions, a total of 15 new developments have entered the market through public sales or tender, offering a total of 6,421 units, representing an increase of approximately 35% compared to the same period last year. This measure stimulated a surge in first-hand transactions during April 6th to 7th, reaching 501 transactions, marking a new high since August 12th to 13th last year.


However, the total transaction volume of newly launched properties has gradually declined since the government relaxed restrictions. Only 1,411 first-hand transactions were recorded in May, a decrease of 433 units compared to the previous month, down by 23.5%, hitting a new low since the relaxation of restrictions. The recent two-day decline in new property transactions to 26 marks a decrease of 34 transactions or 57% compared to weekends, also the lowest since the relaxation of restrictions by the government, representing a 95% drop from the peak of 501 transactions in April.


The newly launched property market experiences continuous sluggishness as weekend transaction volumes decline for three consecutive weeks.

Internet


Despite the slowdown in first-hand transactions, high-value transactions remain active. For example, a unit in Block 6, Floor 3A of The Peak in Kowloon, developed by Kerry Properties, was sold for HK$190 million, with a practical area of ​​3,765 square feet and 4 bedrooms, becoming the largest transaction in the past two days. As of now, 14 units have been sold in The Peak, with a total sales value of approximately HK$5.15 billion.


In addition, Sea Crest Bay in Tai Po, owned by Billion Development, also set a new high with the sale of House No. 8 for HK$88 million, with a practical area of ​​4,084 square feet.


Other newly launched properties with more transactions include Sea Crest Bay by Kowloon Development, which sold 4 units in the past two days; PARK SEASONS in Tseung Kwan O by Henderson Land and MTR Corporation, which sold 2 units; and MIAMI QUAY I by Kerry Properties, which sold 1 unit.

留言
icon
請輸入您的國籍
+87
不能為空
電子郵件地址無效 電子郵件地址未驗證!
icon
歡迎訪問 House.com
登錄或註冊以充分利用您的體驗。這也將增加您與經紀人交流的機會。
請輸入有效的電子郵件地址。
繼續使用 Google
提交即表示我接受House.com的   使用條款
icon icon
驗證您的電子郵件
你好 我們剛剛將驗證碼發送到您的電子郵件中。 請檢查並在此處輸入驗證碼以繼續登入。
驗證碼錯誤
沒有收到電子郵件? 請檢查您的垃圾郵件資料夾
icon
banner
The newly launched real estate market continues to languish
icon 複製鏈接
icon WhatsApp
icon Facebook
icon Twitter