In this week's recap of the Hong Kong weekend property market, a major new property went on sale last Saturday, over the first Labour Day long weekend since the reopening of the Hong Kong-China border. Over the three-day weekend, about 190 sales were made in the first-hand market.
This marks a 1.37-time increase from last year’s Labour Day sales, which recorded about 80 transactions during the same three-day weekend. However, this year’s transactions failed to surpass those of 2021 Labour Day, which recorded about 470 transactions.
Over the long weekend, one homeowner lost HK$3.32 million (over US$422,000) on a 654-square-foot flat at Residence Oasis in Tseung Kwan O. The unit was reportedly located on the same floor as a "haunted" property.
The US Federal Reserve is scheduled to announce the latest interest rate results in the early hours of Thursday, Hong Kong time. Markets expect that there will be one last rate hike, which agents believe will stimulate trader sentiment in the property market.
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| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 Days |
Golden Top Listing Higher position than Normal listing 2-3times better performance | HKD: 3000 (or Hsemoney:3000) | Valid: 60 Days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 Days |
Golden Top Listing Higher position than Normal listing 2-3times better performance | HKD: 3000 (or Hsemoney:3000) | Valid: 60 Days |
