Recently, the Hong Kong real estate market has experienced a flurry of new project launches, drawing buyers' attention away from the secondary market, resulting in a downtrend in viewing and transaction volumes in some estates. To accelerate transactions, some sellers eager to sell have increased their bargaining room, adjusting their discounts to between 9% and 10%, a strategy that has led to multiple instances of price-reduced transactions.

For example, a top-floor special unit in Swiss Towers, Sai Ying Pun, was originally priced at HK$8 million. After price reductions, it finally sold for HK$7.28 million, a reduction of HK$720,000 or 9%. This unit features a terrace of over 400 square feet, with a total area of 527 square feet and three rooms, making the transaction price approximately HK$13,814 per square foot, which is considered to be in line with market expectations.

Additionally, there was a notable transaction in Bel-Air No. 8, Tsuen Wan. A high-floor two-bedroom unit initially priced at HK$8.2 million was sold for HK$7.48 million after a cumulative reduction of HK$720,000, resulting in a price per square foot of approximately HK$14,930.

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Another prominent case involves a transaction in Whampoa Garden Phase 2, Hung Hom. This high-floor two-bedroom unit sold for HK$7 million, with an area of 466 square feet, equating to about HK$15,021 per square foot. Notably, the original owner purchased the unit in 2010 for HK$3.55 million and sold it 14 years later for HK$7 million, netting a profit of HK$3.45 million, which represents a 97% increase in value.

In addition, there was a robust market transaction in Tsui Lam Garden, Tuen Mun. A two-bedroom unit in Block B, with an area of approximately 330 square feet, was sold for HK$3.75 million, translating to about HK$11,363 per square foot.

Lastly, a record was set in Heng Shan Court, Taikoo Shing, Quarry Bay. A high-floor two-bedroom unit, including a lease, was sold for HK$8.25 million. The unit spans 581 square feet, giving a price per square foot of about HK$14,200.

With ongoing new project launches, the Hong Kong property market is expected to be further revitalized, attracting more participants. This influx of new projects also brings more choices to the market, providing consumers with more opportunities to find homes that meet their needs.