CRIC: Affected by the adjustment of the Hong Kong stock market, the trading volume in the Hong Kong property market slowed down in June.
According to the Wise Finance APP, analyst Samson Sum from Midland Realty pointed out that, based on data from the Hong Kong Land Registry compiled by Midland Realty Research Center, the overall property registration volume in Hong Kong for the first 25 days of June was 7,973 transactions, including first-hand private buildings, second-hand residential properties, first-hand public housing, commercial properties, parking spaces, and others. If the current registration progress is projected, it is believed that the total registration volume for the month of June is expected to approach 9,000 transactions. However, due to the time required from signing the sales agreement to submitting for registration at the Hong Kong Land Registry, the registration data lags behind and does not yet reflect the impact of the stock market decline on the property market in June.
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