Hong Kong Real Estate: Second-hand housing registrations of over HK$10 million in November hit a record high of over a year and a half

The Zhitong Finance App learned that Wang Pindi, director of the Hong Kong Real Estate Research Department, said that according to data from the Land Registry, 556 second-hand housing registrations of over HK$10 million were recorded, an increase of about 10.1% over 505 in October. It has been rising for 3 months, reaching a record high of more than 1 year and a half. Since it takes time to sign a sales contract and submit it to the Land Registry for registration, November registration cases generally reflect the market situation in October.

Compared with 4,164 registrations of second-hand housing in November (including second-hand private homes and second-hand public housing), the number of second-hand housing registrations of over HK$10 million outperformed the market month-on-month. As a result, its share of the total second-hand housing registration volume increased by about 0.5 percentage points from about 12.9% in October to about 13.4% in November, reaching a record high of more than 2 years.

The monthly month-on-month performance of second-hand housing registrations of over HK$10 million divided into three districts was 155 registrations in the New Territories, an increase of about 14% over 136 in October, the most significant increase in the three regions; the Kowloon district recorded 193 registrations, an increase of about 10.3% over 175 in October; and Hong Kong Island recorded 208 second-hand housing registrations over HK$10 million, the highest number of cases in the three regions, with an increase of about 7.2% over 194 in October.

As for the ranking of housing estates with over HK$10 million in second-hand housing registrations in November, Mingcheng ranked first with 16 registrations, an increase of about 6.7% over 15 in October; Bel-Air and Harbour View each tied for second place with 11 second-hand housing registrations of over HK$10 million. Among them, Beisha Bay remained flat month-on-month, and Harbour View Garden surged 1.2 times from 5 in October.