Hong Kong Property: Over 2,000 Secondary Residential Deals Above HK$10 Million Recorded in Q1, Highest in Nearly Four Years

Stock News04-03

According to data from the Land Registry compiled by Hong Kong Property's research department, the first quarter saw 2,005 secondary residential transactions valued at over HK$10 million, an increase of approximately 20.7% compared to the 1,661 deals recorded in the fourth quarter of last year. This marks the highest level in 15 quarters, or nearly four years.

When analyzing the quarterly performance of these high-value secondary residential transactions across three regions, Kowloon (including Tseung Kwan O and Sai Kung) recorded 809 deals, the highest among the three regions, up about 17.2% from 690 in the previous quarter. Hong Kong Island (including Discovery Bay) registered 756 transactions, an increase of roughly 17.6% from 643 in the fourth quarter. The New Territories recorded 440 deals above HK$10 million, rising about 34.1% from 328 in the prior quarter, showing the most significant quarterly growth.

In terms of housing estate rankings for such transactions in the first quarter, Lohas Park led with 54 registrations, more than doubling from 24 in the previous quarter. Le Prestige followed with 53 deals, a slight decrease of about 3.6% from 55 in the fourth quarter. Taikoo Shing ranked third with 47 transactions, an increase of approximately 80.8% compared to 26 in the prior quarter.

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Taikoo Shing ranked third with 47 transactions, an increase of approximately 80.8% compared to 26 in the prior quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EWH","symbol_name":"香港ETF-iShares MSCI","start_time":0,"source_url":"","article_id":"1178012870","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178012870","pubTimestamp":1775203711,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"According to data from the Land Registry compiled by Hong Kong Property's research department, the first quarter saw 2,005 secondary residential transactions valued at over HK$10 million, an increase...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EWH":"香港ETF-iShares MSCI"},"translate_title":"香港物业：第一季度1,000万港元以上二手住宅成交逾2,000宗，创近四年新高","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWH":1},"content_text":"According to data from the Land Registry compiled by Hong Kong Property's research department, the first quarter saw 2,005 secondary residential transactions valued at over HK$10 million, an increase of approximately 20.7% compared to the 1,661 deals recorded in the fourth quarter of last year. 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