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This year, Hong Kong has recorded 4,686 transactions of new Residences, making it the second-highest for the same period in six years.
This year (up to April 9), the transaction Volume of new residential properties in Hong Kong has recorded 4,686 cases, the second highest for the same period in six years, only behind last year's 5,485 cases.
Hong Kong Stock Concept Tracking | In March, the land auctions in core cities continued to heat up. Institutions believe that the signal for the new Real Estate cycle has already appeared (with concept stocks attached).
The Real Estate Industry is at the end of a downward cycle, and the signals for the new cycle have already appeared.
In March, the total value of property sale and purchase agreements in Hong Kong was 45.6 billion HKD, which is a month-on-month increase of 61.4% and a year-on-year increase of 22.1%.
In March, the total value of property sales contracts in Hong Kong was 45.6 billion Hong Kong dollars, an increase of 61.4% compared to February, and also up 22.1% compared to March last year.
FIRST PACIFIC David: The Hong Kong Residence market still faces pressure from excess inventory of both second-hand and first-hand properties, expecting an average decline of 5-10% by 2025.
FIRST PACIFIC DAVIS recently published the Hong Kong Residence sales market report for March 2025.
Meridians: In Hong Kong, the number of mortgage applications for completed properties in the first quarter increased by nearly 15% year-on-year, while the number of mortgage applications for pre-sale properties surged more than 3.7 times.
According to the latest data from the Mortgage Referral Research Department and the Land Registry, the number of current mortgage cases in Hong Kong in March 2025 was 4,015, a decrease of 1,378 cases (25.6%) compared to 5,393 cases in February, marking a decline after three months of increases and reaching a new low in four months.
According to Zhongyuan Mortgage, the number of mortgage registrations for existing properties in Hong Kong reached 13,109 in the first quarter, an increase of 15.7% year-on-year.
In the first quarter of 2025, the number of mortgage registrations for existing homes in Hong Kong increased by 15.7% year-on-year to 13,109 cases, mainly due to the market recovery and rising transactions in the fourth quarter of last year, which drove an increase in mortgage withdrawals and registrations in the first quarter of this year.