AmericaLink: The number of first-hand residential transactions in Hong Kong for 4 million HK dollars or less this year reached 1,164, setting a new 9-year high.

According to the Wisdom Financial APP, there have been many low-priced new properties entering the market in Hong Kong this year. With the reduction of property stamp duty to 100 Hong Kong dollars for properties worth 4 million Hong Kong dollars or less at the end of February, the number of first-hand transactions for properties worth 4 million Hong Kong dollars or less has exceeded 1,160 in less than 5 months.