2025-02-21 28Hse Editor
According to data from the Midland Realty Research Center, compiled from the Land Registry, the number of registered second-hand residential transactions across Hong Kong in January fell by approximately 12.5% month-on-month. For the 75 major residential estates along MTR lines, January saw 385 second-hand registrations, a drop of around 7.4% month-on-month, which is a smaller decline compared to the overall market.
Since it takes time for signed sales agreements to be submitted to the Land Registry for registration, the January registration figures primarily reflect market conditions in December 2024. The festive atmosphere during that period likely impacted the second-hand property market.
The agency noted that when categorising the 75 estates by MTR line, registration volumes increased month-on-month along the East Rail Line, Tung Chung Line, Tsuen Wan Line, and Island Line. The East Rail Line saw the most notable increase, with registration numbers rising by approximately 44.7%. However, registration volumes dropped for estates along the Kwun Tong Line, Tuen Ma Line, and Tseung Kwan O Line, with the Kwun Tong Line seeing the largest decline at approximately 16.7%. The Tuen Ma Line and Tseung Kwan O Line followed, with decreases of approximately 13.3% and 10.5%, respectively.
Among the 75 estates, 29 recorded a drop in second-hand registrations, 31 saw an increase, and 15 remained unchanged. The number of "zero-transaction" estates slightly decreased from 12 in the previous month to 11 in January.
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