The positive news of customs clearance before the Christmas holidays has stimulated buyers to go out to look for properties, and many buyers have turned positive and accelerated their pace of entry.

Mr Chan Wing-kit, Vice Chairman of Centaline Property Asia Pacific and Chief Executive Officer of the Residential Division, said that with the slowdown in interest rate hikes in the United States and the relaxation of anti-epidemic measures in both Hong Kong and China, a lot of purchasing power has returned to the secondary market as the primary market is now dominated by end-of-sale goods.

It is expected that the economy and the property market will gradually embark on the road to recovery next year. It is expected that a small positive spring in the property market has been confirmed, and property prices are expected to successfully bottom out after the implementation of customs clearance.

According to Centaline Property, 17 transactions were recorded in 10 major housing estates, a record high for 18 weeks. About 32 transactions were recorded during the four-day Christmas holiday, a record high for Christmas holidays after 2010.

Lai Chi Kok Mei Foo Sun Chuen recorded 10 transactions in 4 days, followed by Taikoo Shing in Quarry Bay, which took the second place with 8 transactions.

Centaline Property's Senior Branch Manager at Taikoo Shing's Tung Shan Court branch, Chong Kim Lan, said Taikoo Shing recorded eight transactions in four days and three in two days over the weekend, with a 3-bedroom apartment in the upper floors of Han Palace Court, with a saleable area of 723 sq ft and a gross floor area of 818 sq ft. The estate recorded about 19 transactions in December, with an average price of about $16,214 per square foot.

One of the above-mentioned housing estates, Shatin City One, Centaline Property Shatin City One Branch Regional Sales Director Lai Chung Man said that Shatin City One has recorded about 16 transactions so far this month, 4 transactions were recorded in 4 days of holidays, 3 transactions were recorded in the middle of the weekend, including 36 blocks of high-rise room C, saleable area 307 square feet, 389 square feet, 2 rooms, the owner sold the unit for $4.8 million, the saleable feet price of $15. 635, The owner sold the flat for $4.8 million at a sale price of $15,635 per square foot.