American League: Second-hand housing registrations in Hong Kong increased by about 37.1% month-on-month in the second quarter and hit a nine-quarter high

The Zhitong Finance App learned that as the impact of the Sino-US tariff war on the Hong Kong property market gradually subsided, and interest rates fell significantly, the rent balance situation intensified and the property market atmosphere was favorable. It led to a record of 12,362 second-hand housing registrations in Hong Kong in the second quarter, an increase of about 37.1% over the previous quarter, and also hit a high of nearly nine quarters.

Meanwhile, according to statistics from the Comprehensive Land Registry Office of the United States Property Research Center, a total of 1,775 second-hand registrations were recorded in the second quarter, an increase of about 36.5% over the previous quarter, which is similar to that of the major markets.

Midland Property analyst Shum Chung-him pointed out that if housing estates along the 75 major railway lines were divided according to railway routes, the registration volume for 6 of the 8 routes increased by more than 50%, with registrations on the Hong Kong Island Line and Kwun Tong Line increasing by more than 50%, increasing by about 53.9% and 53.7%, respectively. As for the Tseung Kwan O Line and Tuen Ma Line, they also increased by about 45.1% and 41.9%, respectively.

In contrast, the number of registrations for the Tung Chung Line decreased by about 7.4% month-on-month in the second quarter, and the number of registrations for the South Island Line also decreased by about 6.2% compared to the first quarter.