Top 10 housing estates in Hong Kong rebound by nearly 1.3 times over the weekend, reaching a 4-week high

1、 After the holiday, purchasing power is concentrated and released, and transactions return to double digits

During the Spring Festival holiday, many buyers and homeowners temporarily put aside their viewing, negotiation, and signing arrangements, and the real estate market trading is generally at the off-season level during the holiday. As the holiday effect gradually subsides and market operations fully return to normal, prospective buyers have restarted their entry plans, and the number of property views, inquiries, and actual transaction volumes have significantly rebounded in sync.

The weekend transactions of the top ten housing estates have rebounded significantly from single digits during the holiday season to 16, with a weekly rebound rate of nearly 130%. Transactions have returned to double-digit levels, marking that the second-hand market has officially shaken off the impact of the holiday off-season and steadily entered a normal trading rhythm. The industry generally indicates that the real estate market has rapidly rebounded after the Chinese New Year, reflecting that the market purchasing power is still sufficient. The previously accumulated demand for users and property swaps has been concentrated and released, laying a solid foundation for the traditional small spring of the real estate market in March.

2、 The three major housing estates lead the city, with a balanced distribution of transactions

From the perspective of regional and specific housing estate performance, the distribution of transactions this time is relatively balanced, with multiple traditional popular housing estates on Hong Kong Island, Kowloon, and the New Territories simultaneously making efforts, showing a pattern of multi-point blooming and recovery.

Among them, Haiyi Peninsula, Huangpu Garden, and Jiahu Villa performed the most outstandingly, each recording 3 transactions, becoming the main housing estates driving overall transaction volume over the weekend; Several other indicator housing estates have also recorded stable transactions, with only Laguna City in the city having not yet recorded any transactions.

The overall trading is no longer concentrated in a single region, but is spreading comprehensively, indicating that the recovery of the second-hand market has strong universality and sustainability.

3、 Market confidence is steadily recovering, and the market situation in Xiaoyangchun is promising

With the complete disappearance of holiday effects, stable mortgage environment, and sustained hot sales in the new housing market driving overall sentiment, the bargaining space for second-hand housing estates tends to be reasonable, and the speed of reaching consensus between buyers and sellers has significantly accelerated, further promoting wait-and-see buyers to make up their minds to enter the market.

Supported by multiple favorable factors, institutions and industry insiders generally expect that the short-term real estate market trading will remain active, and the transaction volume of indicator housing estates is expected to continue to maintain double-digit levels. After the Spring Festival, the market trend is gradually realizing, and the subsequent market performance is worth looking forward to.