squarefoot 5平方 Logo

Developers rush to launch new projects | HK Weekend Property Market Recap

Squarefoot 编辑部  2024-03-20  #影片

Halfway through March, Hong Kong’s primary property market has recorded 2,573 transactions. This not only represents an eightfold increase from the 260 transactions in February but also sets a new record for monthly transactions in over three years.

With the property market picking up, developers are rushing to launch new projects. This month, four new developments have been launched, totalling 1,953 units.

The developments include Uptown East in Kowloon Bay, Seasons Place in Lohas Park, Gateway Square Mile in Tai Kok Tsui, and The Symphonie in Sham Shui Po, among others.

Over the weekend, Hong Kong’s four biggest real estate agencies recorded 15 to 28 deals for the city’s top ten blue-chip housing estates. Although nine down from last week, Centaline recorded the highest number of transactions.

Next, the secondary market saw a slowdown as buyer focus remained on low-priced first-hand projects, with blue-chip housing estates like Kornhill and Whampoa Garden recording no transactions. We then review three cases of loss-making transactions that illustrate this (Taikoo Shing, Park Yoho Genova, The Grand Marine).

免责声明:凡注明 Squarefoot编辑部 的所有文字图片等资料,版权均属 7广告有限公司 所有,转载请注明出处;文章内容仅供参考,不构成投资建议,也不代表 Squarefoot 赞同其观点。文中所涉面积,如无特殊说明,均为实用面积。文中出现的图片仅供参考。