Top 10 estates log six weekend deals
AM730 · 2 SOURCES1 day ago4 MIN
Summary
Hong Kong’s top 10 housing estates recorded about six transactions over the weekend, a weekly drop of 33.3% from nine deals previously, according to Centaline Property. The agency said buyer attention remained fixed on the primary market, where three projects launched simultaneously and sales were strong, weighing on secondary-market activity.
Key Points
- Centaline Property said the 10 major estates logged only about six deals over the two-day weekend, with four estates recording no transactions at all.
- Centaline Asia-Pacific vice chairman and residential chief executive Chan Wing-kit (陳永傑) said developers priced recent launches cautiously, helping attract buyers into the new-home market.
- Chan said three new projects went on sale this weekend, generating more than 340 transactions in two days, while two of the projects sold out on launch day.
- In Hong Kong Island, Taikoo Shing recorded no deals again and has now gone four consecutive weekends without a transaction, Centaline said.
- Individual resale deals included a Kornhill three-bedroom flat sold for HK$8.8 million, a Mei Foo Sun Chuen unit for HK$10.4 million, plus one deal each at Kingswood Villas and Caribbean Coast.
Why It Matters
For homebuyers and sellers, the latest figures show how quickly demand can shift when several new projects launch at once and pricing is seen as attractive. For owners in the secondary market, firmer asking prices in some estates may leave resale activity subdued while primary sales remain active.