10 Major Housing Estates See 66.7% Weekly Drop in Weekend Transactions
On.cc · 1 SOURCES1 day ago5 MIN
Summary
The secondary housing market in Hong Kong experienced a notable slowdown, with the 10 major housing estates recording only 4 transactions over the weekend of September 5-6, 2026, representing a 66.7% decline from the 12 transactions recorded the previous weekend, according to Centaline Property . Six housing estates reported zero transactions, including Kornhill, South Horizons, Mei Foo Sun Chuen, Laguna City, Metro City, and Kingswood Glory .
Key Points
- Four transactions recorded across 10 major housing estates on the weekend of September 5-6, representing a 66.7% week-over-week decline
- Six housing estates reported zero transactions: Kornhill, South Horizons, Mei Foo Sun Chuen, Laguna City, Metro City, and Kingswood Glory
- Tai Kung Dgk (太古城) recorded one transaction: Unit E, Mid-floor, Ocean Sky Tower, 759 sq ft, 3-bedroom with ensuite, sold for HK$16.3 million (HK$21,476 per sq ft)
- City One Shatin: Unit B, Block 25, Mid-floor, 688 sq ft, sold for HK$8.83 million (HK$12,834 per sq ft); original buyer purchased for HK$3.44 million in 2006, yielding a profit of HK$5.39 million
- Tung Chung (東涌映灣園): Unit H, Tower 5, Mid-floor, 986 sq ft, sold for HK$9.75 million (HK$9,888 per sq ft); original buyer purchased for HK$4.98 million in 2010, yielding a profit of HK$4.77 million
Why It Matters
The sharp decline in secondary market transactions highlights the significant impact of aggressive new project launches on Hong Kong's property market dynamics . Centaline's Chan Wing-kit (陳永傑) noted that developers are leveraging diverse project offerings and competitive pricing to capture buyer interest, with over 200 transactions recorded in the primary market on September 5 alone . The shift suggests potential short-term pressure on the secondary market, though industry expectations are that frustrated new project buyers may return to the secondary market by month's end .
The sharp decline in secondary market transactions highlights the significant impact of aggressive new project launches on Hong Kong's property market dynamics . Centaline's Chan Wing-kit (陳永傑) noted that developers are leveraging diverse project offerings and competitive pricing to capture buyer interest, with over 200 transactions recorded in the primary market on September 5 alone . The shift suggests potential short-term pressure on the secondary market, though industry expectations are that frustrated new project buyers may return to the secondary market by month's end .