Calgary Property Management: In early May, the transaction amount of new properties in Hong Kong has exceeded HKD 100 billion, setting the record for the fastest growth.

Analyst Sam Chin, from Midland Realty, pointed out that the market performance of new developments this year has been strong, with purchasing power continuing to be unleashed. By early May of this year alone, the transaction amount for first-hand residential properties has exceeded 10 billion Hong Kong dollars, setting a record for the fastest pace. According to data from Midland Realty's research center, as well as market news from the website "One Hand Residential Property Sales Information", as of May 4th, this year has seen a total of 8,754 transactions for first-hand properties involving an amount of 100.4 billion Hong Kong dollars, marking the fastest year to break through the 10 billion mark since the implementation of the first-hand sales regulations in 2013. Compared to last year's total first-hand transaction amount of around 205.2 billion dollars, this year has already reached about 49%. Sam Chin further commented that the rapid breakthrough of the 10 billion mark for first-hand transaction amount this year is related to the active trading of super luxury properties. Data shows that as of May 4th of this year, there have been 59 transactions of over 100 million dollars, not only setting a new record high for the same period since the implementation of the first-hand sales regulations in 2013, but also reaching about 58.4% of last year's total of 101 transactions.