The top ten housing estates in the Central Plains recorded 8 transactions over the weekend, surging 60%

The Zhitong Finance App learned that the top ten housing estates in the Central Plains recorded 8 transactions over the weekend, up 60% from last weekend, and a record high of nearly 7 weeks. Among them, 6 housing estates had zero transactions. Chen Yongjie, vice chairman of the Asia Pacific region of Central Plains Real Estate and president of the Housing Department, said that recently, a number of new first-hand properties have been sold, and ideal sales have been recorded, which has led to a marked improvement in the second-hand trading atmosphere and injected strength into the property market. In the future, it is expected that new first-hand trading will continue to be the focus, while second-hand trading will regain momentum, trading will accelerate, and trading volume is expected to pick up significantly throughout the month.

According to statistics from Midland Property Branch, the top 10 second-hand housing estates recorded a total of about 8 transactions over the weekend, with a weekly increase of 60% to a 7-week high, but still repeatedly hovered at the single-digit level for 11 consecutive weekends; if the top 15 housing estates were calculated, about 8 transactions were recorded, down about 11% from the 9 last weekend.

Bu Shaoming, senior director of Midland Properties, said that several new listings have recently launched in a short period of time, stealing the focus of the market. Among them, the new sale in Kwu Tung North, which went on sale in the first round on Sunday, snatched away some second-hand customers; while the new listing in downtown Southwest Kowloon also won over the crowd with shocking prices and boosted units, significantly boosting the overall atmosphere of the property market. Currently, the wait-and-see atmosphere and desire to enter the market coexist. Some buyers tend to be cautious, but there is no shortage of buyers choosing to enter the market early to seize opportunities.

Bu Shaoming added that since bamboo shoots in the market have been digested one after another, and some owners are optimistic about future market trends, bargaining space has been narrowed, and individual price reversals have even occurred, leading to a shortage of bamboo shoots in various districts. Second-hand trading is still generally stable under the dual influence of a decline in high-quality market sources and a rise in demand, and it is expected that it will take time to accumulate momentum before it can break through upward. Looking ahead to August, it is expected that the property market will continue the first-hand situation and continue to stimulate the market entry atmosphere. It is expected that the overall trend of a steady, moderate and positive second-hand property market will not change.

According to zoning statistics, the three target housing estates on Hong Kong Island, including Taikoo Shing, Kornhill Gardens and Haiyi Peninsula, recorded 1 transaction over the weekend, which remained flat on a weekly basis. In the Kowloon district, the four target housing estates, including Laguna City, Whampoa Garden, Metropolis City and Mei Foo Sun Chuen, recorded 3 sales transactions over the weekend, which also remained flat on a weekly basis. The three target housing estates in the New Territories, including Ying Wan Garden, Shatin First Town and Kingswood Villas, temporarily recorded about 4 transactions over the weekend, a threefold increase over last week.