Zhongyuan Real Estate: In the first half of the year, luxury homes in the Peak Southern District set a new high in transactions. Prices of luxury homes are expected to steadily increase by 5%-10%.

According to the China Economic Network APP, Ho Chi-tang, senior business director of Central South District, Southern District of Hong Kong Island, Discovery Bay, and Outlying Islands of Midland Properties, expects that the prices of luxury residential properties will steadily increase by about 5% to 10%. The second-hand villa market is expected to remain stable, mainly due to the current market still having an abundance of properties for sale, a relatively slow absorption pace, and owners only slightly narrowing the bargaining space. In the short term, there is a lack of significant upward momentum in prices. In addition, mainland buyers are more inclined to purchase brand new luxury villas, and some buyers are gradually shifting from traditional villas to large flat luxury homes due to changes in family structure, which also leads to expectations of stable prices for second-hand villas.