Core Insights - The overall property registration volume in Hong Kong for August was 6,459 cases, reflecting a month-on-month decrease of approximately 10%, but still showing a 3% increase compared to the average of 6,294 cases in the first seven months of the year, indicating robust property transactions [1][3] - Analysts suggest that the registration cases in August primarily reflect the market conditions of July, and despite rising interest rates, the market is expected to stabilize above 6,000 cases in September due to anticipated interest rate cuts in the U.S. and potential mortgage rate reductions in Hong Kong [3] Property Market Analysis - The secondary property market saw a weekly decline in transactions, with 67 cases recorded from August 25 to August 31, down approximately 18.3% from the previous week’s 82 cases, but still 8% higher than the year-to-date weekly average of about 62 cases [6] - In Kowloon, the transaction volume dropped significantly, with 19 cases recorded, a decrease of over 30% week-on-week, particularly affected by declines in specific estates such as Whampoa Garden and Ocean Park [6] - The Island district also experienced a decline, with 16 transactions, down about 11.1% week-on-week, despite some estates like Taikoo Shing seeing increases [7] - The New Territories recorded 32 transactions, also down approximately 11.1%, with notable decreases in estates like 嘉湖山庄 and 灏景湾, although some estates did see slight increases [7]
美联:香港8月整体物业注册量逼近6500宗 较首7个月平均高近3%