Hong Kong Property

The transaction was worth HK$570m. 

The Land  Registry received only 59,619 sale and purchase agreements.

Year-on-year sales declined by 28.9%

Realtors cited two property types that can offer higher upside potential in return.

Demand has been focused on mass market projects.

Real estate expert, Cathie Chung, said that the market will have a reset by 2023.

The market’s transaction volume reached $18b (US$2.3b).

The property is estimated to be worth over $180m.

Capital values of luxury residential will decline by 0% to 5%.

Over 6,290 sale and purchase deals for all units were received for registration.

It recorded an overall score of 1.98.

Over 33% use a loan to purchase property. 

However, it’s 11.3% lower compared to the previous year.

The city’s real estate sector accounts for 60% of its carbon emissions.

This is an improvement compared to its 2019 and 2020 levels.

Investment activity picked up in Q2 after a slow Q1.