Savills Hong Kong: Residential transactions in May maintained at 5,000 units, expected to gradually decrease next year.

According to the Wise Financial APP, Guo Weien, Executive Director of Valuation and Advisory Services at Colliers International Hong Kong, mentioned that the residential transaction volume in Hong Kong continued to maintain above 5,000 units in May. It is expected that the trend of the property market warming up will continue, with transaction volumes steadily increasing, reflecting buyers' confidence in the Hong Kong property market gradually returning. With the increase in transaction volume, it is expected that the unsold inventory will peak soon; and from next year, the unsold inventory will gradually decrease.