Centaline Properties summarized that for the whole year, the top ten housing estates recorded about 3,508 transactions, an increase of 7.7% from the 3258 transactions recorded last year, which is a 7-year high since 2014.
Among the top ten housing estates, eight housing estates recorded an increase in transaction volume. Metro City surged 34%, the strongest performance (see the table below). However, the transaction volume of Bayfront Gardens and Kornhill Gardens declined.
Chen Yongjie, vice chairman and president of the residential department of Centaline Property Asia Pacific, said that the easing of the epidemic in Hong Kong this year will facilitate property viewing activities and buyers will restore confidence in entering the market. Property prices will break record highs during the year. Positive, first-hand new disks recorded ideal trading, which also drove the second-hand market. Near the end of the year, the trading volume fell slightly, but it is expected that the implementation of customs clearance can drive the overall price and volume to rise, bringing a new wave of upward trend.
The top ten housing estates recorded 172 transactions in December, down 12.2% from the 196 transactions recorded in the previous month.
The ten largest housing estates did not record about 552 units this week, a slight decrease of 1.8% from last week, mainly due to the festive atmosphere.