Hong Kong Property: Over 1,000 second-hand residential properties registered in July, with registrations stabilizing at over 600 cases.

According to information from the Wise Financial APP, Mr. Wang Pindi, director of the Research Department of Hong Kong Property, stated that the Research Department of Hong Kong Property integrated data from the Hong Kong Land Registry, showing that as of this month (as of the 20th), there have been 393 registrations of second-hand residential properties valued at over 10 million Hong Kong dollars, a decrease of about 42.3% compared to the same period last month of 681 registrations. If the current registration progress is projected, it is estimated that there will be over 600 registrations for the month of July, stabilizing compared to the average of about 630 registrations per month in the past year. Given that it takes time from signing the sales contract to submitting it for registration at the Land Registry, the registration cases in July generally reflect the market conditions of June.