Hong Kong Property: In April, there were 1,886 second-hand residential properties registered with prices ranging from over 5 million to 10 million Hong Kong dollars, the second highest in the past two years.

Director Wang Pinti of the Hong Kong Real Estate Research Department stated that, according to comprehensive data from the Land Registry, there were 1,886 registrations for second-hand residential properties priced between over 5 million to 10 million Hong Kong dollars in April, which is a slight decrease of about 1.1% compared to 1,907 registrations in March, but still the second highest in two years. Compared to the 5,157 registrations for second-hand residential properties in April, there was a decrease of about 3.7% from March's 5,353 registrations. The decrease in registrations for second-hand residential properties priced between over 5 million to 10 million Hong Kong dollars was less significant on a monthly basis, with the ratio of these registrations to overall second-hand residential registrations increasing from approximately 35.6% in March to about 36.6% in April, reaching a two-year high. As the registrations in April generally reflect the market conditions of March, considering the time required from signing sales contracts to registration with the Land Registry. In terms of the registrations for second-hand residential properties priced between over 5 million to 10 million Hong Kong dollars in April by region, there were 771 registrations in the Kowloon district (including Tseung Kwan O and Sai Kung), a decrease of about 6.2% from 822 registrations in March; 683 registrations in the New Territories, a decrease of about 2.6% from 701 registrations in March; on the other hand, there were 432 registrations in the Hong Kong Island district (including Discovery Bay), an increase of about 12.5% from 384 registrations in March. Regarding the ranking of residential estates with registrations for second-hand residential properties priced between over 5 million to 10 million Hong Kong dollars in April, Sun Hung Kai Properties had 93 registrations, ranking first with an increase of about 10.7% from 84 registrations in March; Mei Foo Sun Chuen had 23 registrations, ranking second with a decrease of about 23.3% from 30 registrations in March; SIERRA SEA and Park Island each had 19 registrations, ranking third. SIERRA SEA had a significant decrease of about 67.8% from 59 registrations in March, while Park Island saw an increase of over 1.1 times from 9 registrations in March. The significant decrease in registrations for SIERRA SEA was mainly due to some units in the estate being sold at prices significantly higher than the purchase price, attracting many owners to sell off their properties for profit, resulting in the increase in registrations in March.