Hong Kong property: Second-hand residential registrations exceed 10 million Hong Kong dollars in November, hitting a new high in over 1 and a half years.

Director Wang Pin-di of the Hong Kong Property Research Department stated that according to data from the Land Registry, there were 556 registered transactions of second-hand residential properties priced over 10 million Hong Kong dollars in November, an increase of approximately 10.1% compared to the 505 transactions in October, marking a 3-month consecutive increase and reaching a new high in over a year and a half. As the time from signing a sales contract to registration at the Land Registry takes some time, the cases registered in November mainly reflect the market conditions in October. In comparison, there were 4,164 registered transactions of second-hand residential properties (including both private and public housing) in November, representing an increase of approximately 6.6% compared to the 3,905 transactions in October. The month-on-month performance of second-hand residential properties priced over 10 million Hong Kong dollars outperformed the overall market, with its ratio of the total registered transactions increasing from approximately 12.9% in October to approximately 13.4% in November, marking a 3-month consecutive increase and reaching a new high in over 2 years. In terms of the distribution of second-hand residential properties priced over 10 million Hong Kong dollars in November, New Territories recorded 155 registered transactions, representing an increase of approximately 14% compared to the 136 transactions in October, the most significant increase among the three districts. Kowloon recorded 193 transactions, an increase of approximately 10.3% from October's 175 transactions; while Hong Kong Island recorded 208 transactions, the highest among the three districts, representing an increase of approximately 7.2% from the 194 transactions in October. As for the ranking of residential estates with registered transactions of second-hand residential properties priced over 10 million Hong Kong dollars in November, Nam Shan took the top spot with 16 registered transactions, an increase of approximately 6.7% from the 15 transactions in October; Discovery Bay and Park Island tied for second place with 11 registered transactions each, with Discovery Bay remaining flat month-on-month and Park Island increasing by 1.2 times from the 5 transactions in October.