MIDLAND HOLDING: In Hong Kong, the transaction volume of the second-hand market for Home Ownership Scheme (HOS) and public housing in the third quarter fell by approximately 26.6% quarter-on-quarter, reaching a new low in seven quarters
According to data from the Midland Property Research Center and the Housing Authority, the number of transactions in the second market (without premium) for Home Ownership Scheme (HOS) and public housing in Hong Kong in the third quarter totaled 691, a decrease of approximately 26.6% from 941 in the second quarter, marking a new low in seven quarters. Midland Property analyst Chan Sung-kin pointed out that the Housing Authority has recently begun issuing approval letters to successful applicants of "White Form Secondary Market Scheme 2024," and it is believed that the new round of White Form applications will significantly boost transactions in the second market in the fourth quarter, surpassing the 1,000 mark. Chan continued that, in the third quarter, among the 691 transactions in the second market categorized by HOS and public housing, HOS accounted for 520 transactions (approximately 75.3%), with the highest transaction volume in Tin Shui Wai's Tin Shung Court, recording 18 transactions, with an average transaction amount of about HKD 3.57 million. In the public housing second market, there were 171 transactions in the third quarter (approximately 24.7%), with Li Cheng Uk Village in Sham Shui Po leading with 13 transactions, averaging about HKD 1.71 million per transaction
According to the data from the Hong Kong Property Agency Research Center and the Housing Authority, the number of transactions in the second-hand market for Home Ownership Scheme (HOS) and public housing in Hong Kong in the third quarter totaled 691, a decrease of approximately 26.6% from 941 in the second quarter, marking a new low in seven quarters.
Centaline Property analyst Sen Songqian pointed out that the Housing Authority has recently begun issuing approval letters to successful applicants of "White Form Secondary Market Scheme 2024." It is believed that with the new round of White Form applicants entering the market, the trading volume in the second-hand market in the fourth quarter is expected to rise significantly, surpassing the level of 1,000 transactions.
Sen Songqian further stated that in the third quarter, among the 691 transactions in the second-hand market categorized by HOS and public housing, HOS recorded 520 transactions (approximately 75.3%). The area with the highest transaction volume in the HOS second-hand market was Tin Shui Wai's Tin Shung Court, which recorded 18 transactions, with an average transaction amount of about HKD 3.57 million.
In the public housing second-hand market, there were 171 transactions in the third quarter (approximately 24.7%), with Li Zheng House in Sham Shui Po leading with 13 transactions, and an average transaction amount of about HKD 1.71 million
