Hong Kong Property Market: Slower Second-Hand Transactions Expected, Number of Registrations for Second-Hand Properties in 30 Estates in Tseung Kwan O Expected to Drop Below 200 in July.

Director Wang Pindi of the Research Department of Hong Kong Property said that in June, the trading volume of second-hand properties slowed down due to the adjustment of Hong Kong stocks and the narrowing of bargaining space for second-hand properties. The trading volume of second-hand residential properties in 30 estates in Tseung Kwan O also decreased, mainly reflecting a drop in the number of registrations in July compared to market conditions in June. According to data from the Hong Kong Property Research Department, this month (as of the 16th), there have been 96 registrations in the 30 private estates selected by the Department, which is a decrease of about 37.3% from the 153 registrations in the same period last month. If the current registration progress is taken into account, it is expected that the total number of registrations in July will drop below 200. As of this month, among the 30 private estates in Tseung Kwan O, the number of registrations for second-hand residential properties in 17 estates has decreased compared to the same period last month, increased in 9 estates, and remained the same in 4 estates. Among the 3 estates with the most significant decrease in registrations compared to the same period last month, Monterey Cove and The Capitol each had 2 registrations, with Monterey Cove decreasing by 9 registrations from the 11 registrations in the same period last month, and The Capitol decreasing by 8 registrations from the 10 registrations in the same period last month; The Beaumount recorded 1 registration, a decrease of 8 registrations from the 9 registrations in the same period last month. Among the 3 estates with the most significant increase in registrations compared to the same period last month, Ocean Shores II had 4 registrations so far this month, breaking the "zero registrations" of the same period last month; Peninsula Village and Ocean Shores each had 5 registrations, an increase of 3 registrations from the 2 registrations in the same period last month. As for the ranking of second-hand residential property registrations in the 30 private estates in Tseung Kwan O so far this month, Skyline Tower ranked first with 10 registrations, a decrease of 6 registrations from the 16 registrations in the same period last month; Park Central ranked second with 8 registrations, an increase of 2 registrations from the 6 registrations in the same period last month; Park Royale and La Splendeur each had 7 registrations of second-hand residential properties, with Park Royale decreasing by 4 registrations from the 11 registrations in the same period last month, while La Splendeur remained the same compared to the same period last month.