AmeriLink: Expected to have over 1300 first-hand transactions in February, the most active February since the implementation of the first-hand regulations.

Midland Realty expects that the number of first-hand property transactions in February will exceed 1300, making it the busiest February since the implementation of the first-hand sales regulations. Midland Realty analyst Samson Sum pointed out that compared to February of previous years, although this February has not yet ended, the number of first-hand transactions in the month has increased by approximately 6.5% compared to the total of 1223 transactions recorded in February last year, and has surpassed the high of 1297 transactions recorded in the same period in 2017, creating the busiest February since the implementation of the first-hand sales regulations in 2013. Samson Sum noted that it is worth noting that the festive atmosphere did not affect the sales of new projects this year. The Lunar New Year fell at the end of January last year, but this year it was in February. Despite the holiday period, first-hand transactions have still reached a record high, reflecting strong purchasing power. Looking ahead to March, as the Lunar New Year festivities gradually fade, several projects are ready to be launched, and it is expected that there will be multiple new projects released in March, leading to a variety of options in the first-hand market. It is estimated that the number of first-hand transactions in March will exceed 2000 transactions, and the record of over a thousand transactions will continue for the 14th consecutive month. In terms of different price ranges, in the first 25 days of February, the number of transactions for properties over 20 million Hong Kong dollars increased by over 1.26 times compared to the same period last year, showing remarkable performance. Next is the range of over 10 million to 20 million Hong Kong dollars, with the number of transactions increasing by approximately 24.6% compared to the same period last year. On the other hand, transactions for properties of 10 million Hong Kong dollars or below have not yet reached the level of the same period last year, with a slight difference of about 2.1%. It is believed that by the end of the month, transactions in this price range will catch up significantly.