China Resources Property: Hong Kong luxury homes are highly sought after, with the transaction volume in the Southern District of the Peak doubling to 1 billion yuan in April.

According to the statistics from Midland Realty's Southside Peak Branch in Hong Kong, in April, there were about 20 property transactions recorded in the Southside Peak area, an increase of about 17.6% compared to the approximately 17 transactions in March. Among them, 4 transactions were first-hand transactions, doubling from 2 transactions in March, while second-hand transactions accounted for about 16 transactions, similar to the approximately 15 transactions in March, an increase of 1 transaction or 6.7%. As for the transaction amount, the total transaction amount in the area in April was about 1.816 billion Hong Kong dollars, an increase of about 18.8% compared to the approximately 1.528 billion Hong Kong dollars in March, mainly driven by first-hand transactions and more large transactions exceeding one billion Hong Kong dollars. The statistics show that in April, there were about 8 transactions exceeding one billion Hong Kong dollars recorded in the Southside Peak area, doubling from the approximately 4 transactions in March, with 2 first-hand transactions and 6 second-hand transactions, both doubling from 1 and 3 transactions recorded in March, respectively. In April, there were 7 transactions of foreign houses recorded in the area, a significant increase from the approximately 4 transactions in March. It is reported that in April, transactions recorded in the Southside Peak area included the odd-numbered foreign houses at 1-9 Shouson Hill Road East being transacted for about 180 million Hong Kong dollars, 3 split-level units at 8 Stanley Village Road being transacted for about 165 million, 155 million, and 105 million Hong Kong dollars respectively, the foreign houses at 9-19 Shouson Village Road being transacted for about 150.65 million Hong Kong dollars, the even-numbered foreign houses at Shouson Village Road being transacted for about 138 million Hong Kong dollars, and the split-level unit at ONE STANLEY being transacted for about 127.76 million Hong Kong dollars, as well as the odd-numbered foreign house at 29 Galleon Heights being transacted for about 150.65 million Hong Kong dollars. Fong Fu-yi, Chief Regional Director of Luxury Homes at Midland Realty's Southside Peak Branch, stated that with continuous capital inflows into the property market, the luxury real estate market is also highly sought after, and it is expected that the trading activities in the Southside Peak area will continue to record gains in the short term and maintain an ideal performance. Despite fluctuations in the external political and economic environment, the property market in Hong Kong continues to perform well, with large transactions occurring from time to time, reflecting the demand for real estate as a safe haven for funds. In addition, the super luxury homes in the Peak and Southside areas are highly favored by luxury home buyers due to their rarity. He expects that the future of luxury homes in the area will continue to be promising.