Mei Lian: In the first seven months of this year, the transaction volume of new private residential properties in Hong Kong increased by 9.3% year-on-year, with the total usable area reaching a seven-year high for the same period.

Zhitong Finance APP has learned that Centa-City Leading Index analyst Seng Sung-keen pointed out that the primary residential property market has seen a significant rebound this year, with new property sales performing brilliantly. According to data from the One-stop Property Sales Information Network and market news compiled by the Centa-City Leading Index Research Center, the transaction volume of new private residential units in Hong Kong for the first seven months of this year recorded 12,347 transactions, an increase of approximately 9.3% year-on-year. Notably, the total usable area involved in these transactions reached approximately 6.67 million square feet, up about 20.8% from around 5.53 million square feet in the same period last year, marking a seven-year high for the same period since 2019.