America Link: Benefiting from the strong trading of new properties in Hong Kong, the number of residential registrations for Mainland buyers in September increased significantly.

Benefiting from active trading in new properties, mainland Chinese buyers increased their purchases of Hong Kong residential properties in September, with both the number of transactions and total amount rising. According to data from the Land Registry compiled by Midland Realty's Research Center, the number of registrations by mainland Chinese buyers (identified by the English spelling of their names) in the first and second-hand residential market in Hong Kong totaled 1304 in September, representing a month-on-month increase of approximately 17.5%, the second highest in 10 months. In terms of value, mainland Chinese buyers were involved in transactions worth around HK$135.4 billion, an increase of about 23.2% from the previous month, marking a new 10-month high. Midland Realty analyst Samson Sum pointed out that in September, a significant number of registrations by mainland Chinese buyers were recorded in new project areas such as Kai Tak and Wong Chuk Hang. Additionally, many of these projects are classified as medium to high-end or luxury properties, driving an increase in both the number of registrations and transaction value. The performance in terms of value was particularly outstanding, surpassing the growth in transaction volume. Sum believes that with the rebound in Hong Kong property prices and the restart of the interest rate-cutting cycle, the pace of new property launches will accelerate, leading to a continued rise in the volume and value of residential properties purchased by mainland Chinese buyers in the fourth quarter. However, the market entry of mainland Chinese buyers in the fourth quarter may depend on the further development of the trade war. In terms of new properties, in September, among the top 5 districts with the highest number of registrations by mainland Chinese buyers (identified by the English spelling of their names) for private residential units, Kai Tak district ranked first with 147 transactions, with an individual buyer ratio as high as 60.2%, indicating strong interest from mainland Chinese buyers in the district. Among the new projects with a higher number of mainland Chinese buyers in the district, V Harbor recorded 34 transactions, with 75.6% of individual buyers being mainland Chinese. Following closely is Wong Chuk Hang / Deep Water Bay district, which recorded 94 transactions by mainland Chinese buyers in September, with an individual buyer ratio of 54%. The district had the highest number of transactions from the BLUE COAST series, with half of them involving mainland Chinese buyers. In third place was the Tseung Kwan O district, with 90 transactions by mainland Chinese buyers in September, accounting for approximately 20% of individual buyers, with most transactions coming from the Mount Pavilia series. It can be seen that mainland Chinese buyers tend to purchase properties along the railway line. Wan Chai / Causeway Bay and Mid-Levels also made it to the top 5 in terms of registrations by mainland Chinese buyers in September, with 58 transactions and 38 transactions, respectively, with over 60% of individual buyers in both districts being mainland Chinese. The former had more transactions involving QUEEN'S CUBE, while the latter mostly included transactions from the project at 33 Kennedy Road.