Hong Kong Real Estate: The total property listing in Hong Kong in the first half of October was 2143 registrations up nearly 8% compared to the same period last month

The Zhitong Finance App learned that Wang Pindi, director of the Hong Kong Real Estate Research Department, said that according to the Land Registry, the total number of property registrations since this month (as of the 16th) is 2,143, an increase of about 7.8% over 1,988 in the same period last month.

Since it takes time to sign a sales contract and submit it to the Land Registry for registration, the October registration cases generally reflect the market situation in September.

In the “Policy Address” released yesterday, it is proposed to relax property mortgage loans. The maximum mortgage ratio for all residential and non-residential properties is uniform at 70%, and the maximum contribution to income ratio is 50%; this measure lowers the market entry threshold, especially at the investment level, and is expected to help release purchasing power. Coupled with the advent of the interest rate reduction cycle, I believe overall property trading will become more active; however, registration will take time. It is expected that the relevant situation will be reflected as soon as next month's registration figures.

Breaking down the registration status of various categories this month to date, in terms of residential properties, the number of first-hand private homes and second-hand residential registrations has recorded 1,737 registrations so far this month, an increase of about 7.1% over 1,622 in the same period last month; in contrast, first-hand public housing has recorded 79 registrations so far this month, a decrease of about 4.8% from 83 in the same period last month.

In terms of non-residential properties, commercial and commercial properties have recorded 128 registrations so far this month, a decrease of about 8.6% compared to 140 in the same period last month; pure parking spaces and other properties have recorded 199 registrations so far this month, an increase of about 39.2% compared to 143 in the same period last month.