Hong Kong Real Estate: Second-hand housing registrations of HK$10 million are expected to stabilize at over 600 in July

Zhitong Finance App learned that Wang Pindi, director of the Hong Kong Real Estate Research Department, said that according to the Hong Kong Land Registry's comprehensive data from the Hong Kong Land Registry, 393 second-hand residential registrations of over HK$10 million have been recorded since this month (as of the 20th), a decrease of about 42.3% from 681 in the same period last month. If the current registration progress is estimated, the number of registrations in July stabilized over 600, similar to the average of about 630 cases per month in the past year; given the time required to sign a sales contract and submit for registration with the Land Registry, the July registration cases generally reflect the market situation in June.

Divided by the three districts, the number of HK$10 million second-hand housing registrations recorded over the same period of the month. Among them, Kowloon (including Tseung Kwan O and Sai Kung) recorded 172 registrations, a decrease of about 33.6% from 259 in the same period last month; Hong Kong Island (including Discovery Bay) recorded 142 registrations, a decrease of about 45.6% from 261 in the same period last month; and the New Territories recorded 79 second-hand residential registrations of over HK$10 million, a decrease of about 50.9% from 161 in the same period last month.

As for the ranking of housing estates with over HK$10 million in second-hand housing registrations so far this month, Tianjin topped the list with 12 registrations, down about 7.7% from 13 in the same period last month; Sunrise Kangcheng ranked second with 11 registrations, a decrease of about 8.3% compared to 12 in the same period last month; Treasure Cui Yuan ranked third with 10 second-hand housing registrations over HK$10 million, an increase of 25% over 8 in the same period last month.