Midland Realty records 8 property transactions in the top 10 housing estates in Hong Kong this weekend, an increase of 1 compared to last week.

Zhongyuan Real Estate recorded 8 transactions in the top 10 estates over the weekend, an increase of 1 compared to the previous week, remaining stable. In November, a total of 191 transactions were recorded, a decrease of 12.4% compared to the previous month. In terms of transaction price per square foot, the price in Taikoo Shing decreased due to individual transactions, while the other 9 estates saw an increase. The latest report for the Zhongyuan City Leading Index (CCL) is 143.46 points, an increase for the third consecutive week, breaking through the previous low of 143 points, indicating that property prices have bottomed out and are rebounding. It is believed that as the public mood calms down, transaction volumes will increase. According to statistics from Midland Realty, a total of 11 transactions were recorded in the top 10 indicator estates for second-hand properties over the last weekend of November, a 10% increase from the previous weekend, maintaining double digits for the seventh consecutive weekend. If we consider the top 15 estates, a total of 14 transactions were recorded over the weekend, an increase of approximately 7.7% from the previous 13 transactions. For the top 10 estates in November, approximately 190 transactions were recorded, a decrease of about 10.4% compared to the approximately 212 transactions in October. Midland Realty's Senior Director, Bu Shaoming, stated that the overall property market atmosphere is good, with active buyer participation. However, competition from new developments has led to a slight slowdown in second-hand property transactions in November. Additionally, over the past weekend, several developers adjusted their sales tempo and did not launch any new properties, shifting market focus to second-hand properties. Despite tight supply and limited availability, second-hand transactions saw an increase on a weekly basis. It is believed that as new supply increases and developers resume their normal sales pace, both first-hand and second-hand transactions will pick up, indicating a stable and positive market performance with continued price increases.