Midland Realty: Transactions in the top ten estates in Hong Kong slowed slightly last week, and second-hand transactions are expected to remain stable in the short term.

According to the Wisdom Financial APP, Zhongyuan Real Estate's top ten estates recorded 12 transactions over the past weekend, a decrease of 14.3% from the previous week, maintaining double-digit transactions for two consecutive weeks, with 2 estates recording zero transactions. Vincent Cheung, Vice Chairman of Zhongyuan Real Estate Asia Pacific and President of the residential department, stated that the Hong Kong property market has benefited from multiple positive factors, increasing buyer confidence. However, with a continuous release of first-hand new projects, market attention has been diverted, leading to a slight slowdown in second-hand transactions compared to the previous weekend. Nevertheless, with transaction volume maintaining double digits for two consecutive weeks, it is evident that the property market has warmed up. It is expected that second-hand transactions will remain stable in the short term.