Core Insights - The number of registered second-hand residential properties in Hong Kong for the first nine months of this year reached 32,571, representing an increase of approximately 9.4% compared to 29,759 registrations in the same period last year [1] - The registration of second-hand Home Ownership Scheme (HOS) flats decreased by about 18.3% year-on-year, with 3,676 registrations this year compared to 4,497 last year, marking a three-year low [1][4] Summary by Category Registration Volume - The total registration of second-hand residential properties increased to 32,571, up from 29,759, indicating a growth of 9.4% [1] - The second-hand HOS flats saw a significant decline, with 3,676 registrations, down 18.3% from 4,497 [1][4] Price Segmentation - For HOS flats priced at HKD 4 million or below, there were 2,292 registrations, a decrease of 5.9% from 2,435 last year, suggesting a smaller decline in this segment [4][5] - Registrations for HOS flats priced between HKD 4 million and 5 million dropped by 34.8%, from 1,429 to 931 [4][5] - For flats priced over HKD 5 million, registrations fell by 28.4%, from 633 to 453 [4][5] Geographic Distribution - In terms of geographic distribution, the Island District recorded 413 registrations, down 13.2% from 476 last year [7] - The Kowloon District saw 1,008 registrations, a decrease of 14.9% from 1,185 [7] - The New Territories recorded 2,255 registrations, down 20.5% from 2,836 [7] Future Outlook - The Hong Kong Housing Authority anticipates that the number of registrations will increase in the fourth quarter due to the upcoming release of new HOS flats, which is expected to boost overall registration numbers [7]