Hong Kong Real Estate: It is expected that there will be a chance to challenge 4,500 second-hand residential property registrations in Hong Kong in April, setting a new 11-month high.

The director of the Property Research Department of Hong Kong, Wang Pin-di, stated that according to data from the Land Registry, there were 2490 registered transactions of second-hand residential properties (including second-hand private residential and second-hand public housing) from April to date (as of April 16), an increase of approximately 83.6% from the same period last month. If the current registration progress is projected, it is expected that there will be a potential challenge of 4500 transactions for the entire month, which would be a new high in 11 months. As for the impact of the global stock market due to the tariff war, it is still to be reflected in the Hong Kong property market. Wang Pin-di pointed out that a new Hong Kong government budget announced at the end of February reduced the property stamp duty for properties valued at 4 million Hong Kong dollars or below to 100 Hong Kong dollars, reducing the cost of property acquisition for related properties, stimulating the property market atmosphere, and facilitating smoother secondary transactions, which have been gradually reflected in April. If the registration volume of second-hand residential properties from April to date is divided by amount and compared to the same period monthly performance, there were 280 registered transactions for second-hand residential properties valued at over 10 million Hong Kong dollars, an increase of approximately 67.7% from the same period last month; 1382 registered transactions for second-hand residential properties valued at 5 million Hong Kong dollars or below, an increase of approximately 78.6% from the same period last month; and 828 registered transactions for second-hand residential properties valued between over 5 million and 10 million Hong Kong dollars, an increase of approximately 99.5% from the same period last month. If the registration volume of second-hand residential properties from April to date is divided by district and compared to the same period monthly performance, there were 471 registered transactions in Hong Kong Island, an increase of approximately 53.9% from the same period last month; 1208 registered transactions in the New Territories, an increase of approximately 79.2% from the same period last month; and 811 registered transactions in Kowloon, an increase of over 1.1 times from the same period last month.