10 residential estates' Saturday and Sunday property viewing appointments drop to 457

Centaline Property’s top 10 residential estates recorded 457 viewing appointments on Saturday and Sunday, a slight decrease of 0.4% week-on-week, maintaining an active property viewing atmosphere.

Chen Yongjie, Vice Chairman of Centaline Property Asia-Pacific and President of Residential Department, stated that new projects continue to launch this month, with strong market reactions driving a lively secondary market. Tomorrow, two new projects will be launched simultaneously, attracting significant purchasing interest, but they have not had a major impact on the secondary market. Viewing activity remains stable and active. Currently, new projects and the secondary market are developing concurrently, creating a vibrant scene, and another small spring market is expected to emerge soon.

According to Midland Realty branch statistics, 15 key secondary estates recorded about 525 viewing appointments on Saturday and Sunday, a weekly increase of approximately 3.8%, marking three consecutive weeks of growth.

Senior Director of Midland Realty, Bu Shaoming, said that the new project market continues to heat up. After the recent sell-out of 64 units in a new Kowloon project on the same day, two new projects in Kowloon and New Territories launched their first sales rounds on Saturday, both receiving significantly oversubscribed responses. Market reactions are expected to be very enthusiastic, further boosting first-hand transaction volume on Saturday. Additionally, several new projects are poised to launch soon, aiming to stimulate the market in the short term and further attract purchasing power. Despite the competition from new projects attracting many buyers, some buyers are actively seeking opportunities in the secondary market during the market boom, benefiting viewing activities there and continuing weekly growth.

According to data from Ricacorp Properties’ research department, a total of 1,370 clients made viewing appointments at 50 key estates across Hong Kong on Saturday and Sunday, a weekly increase of 2.6%.

Cheng Haichao, head of Ricacorp Properties’ research department, said that new first-hand projects in various districts launched on Saturday, boosting the overall market sentiment, which also benefited the secondary market. Although secondary owners are reluctant to sell at firm asking prices, leading to a limited supply of properties, buyers remain proactive and optimistic about the market outlook, driving viewing appointments for three consecutive weeks.

Hong Kong Property’s branch statistics show that the top 10 secondary estates recorded 386 viewing appointments on Saturday and Sunday, an increase of about 1.8% week-on-week.

Wang Pindi, director of Hong Kong Property’s research department, said that the first-hand market is thriving; with two new projects launched on Saturday and other new projects entering the market, the overall market atmosphere is further stimulated. This has increased buyers’ willingness to enter the market, and the secondary market activity benefits from the enthusiasm for first-hand properties, maintaining an ideal level. Although geopolitical factors affecting Hong Kong’s economy are a concern, they also highlight Hong Kong’s advantages as an international financial center, attracting some risk-averse capital into local assets. As new projects continue to be launched, the first-hand market remains active, and with secondary owners still negotiating reasonably, short-term purchasing power is expected to continue releasing. The primary and secondary markets are likely to maintain steady growth, with the property market continuing its upward trend.