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CHINESE EST H: 2024 Annual Report
Bloomberg: The completion volume of private residential buildings in Hong Kong reached a four-year low in the first two months of this year and is expected to experience a Top Reversal.
According to the data from the research center of Midland Realty and the Buildings Department, the number of private Residence completions in Hong Kong in February recorded a total of 1,624 units, which is a month-on-month decrease of about 13.9% compared to January's 1,886 units, marking a decline for two consecutive months and reaching a new low in five months.
In Central China: Hong Kong recorded 4,110 subsidized housing mortgage registrations in the first quarter, a significant increase of 68.6% year-on-year.
In March, Hong Kong recorded a total of 732 cases of subsidized housing mortgage registrations.
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.
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.
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.
