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<HK Home>'Miami Quay I' at Kai Tak Logs 13 Transactions on Mother's Day, as Trades at Top 10 Housing Estates Fall WoW Again This Weekend
The hot sales of new flats in the past weekend (11-12 May) attracted the majority of customers, while property visits further declined during the Mother's Day weekend. The tran...
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<HK Home>'Miami Quay I' at Kai Tak Logs 13 Transactions on Mother's Day, as Trades at Top 10 Housing Estates Fall WoW Again This Weekend
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The hot sales of new flats in the past weekend (11-12 May) attracted the majority of customers, while property visits further declined during the Mother's Day weekend. The transaction volume of the top 10 housing estates dropped WoW as a result. Real estate agents expect that new first-hand flats will continue to dominate the local property market in the near future.

"Miami Quay I", a project within the Park Peninsula series in Kai Tak jointly developed by Wheelock, HENDERSON LAND (00012.HK)  -0.650 (-2.425%)    Short selling $59.61M; Ratio 36.868%   , NEW WORLD DEV (00017.HK)  -0.490 (-4.930%)    Short selling $38.89M; Ratio 43.530%   and Empire Group, recorded 13 transactions on Mother's Day, realising over $140 million.

Related NewsHSBC Research: HK Developers' Valuations Yet to Reflect Improving Fundamentals
Meanwhile, "The YOHO Hub II’ in Yuen Long, developed by SHK PPT (00016.HK)  -0.400 (-0.502%)    Short selling $86.56M; Ratio 23.087%   and MTR CORPORATION (00066.HK)  -0.400 (-1.384%)    Short selling $79.70M; Ratio 40.583%   , had its first round of sales on Saturday (11 May), and all 210 units were sold on the same day, realising a total of about $2 billion. An additional 141 units have been launched at an average price of $16,188 per square foot.

As for the secondary market, Centaline Property's top 10 housing estates recorded 3 transactions this weekend, down 62.5% WoW, hitting a 13-week low since the Lunar New Year. The number of housing estates with zero transactions increased to 7.

According to the statistics by Midland Realty, a total of about 5 transactions were recorded in the past weekend in the top 10 blue-chip housing estates, a WoW decline of around 37.5% compared with 8 transactions last weekend, and a 13-weekend record low. About 6 transactions were recorded for the top 15 housing estates over the 2-day weekend, down about 45.5% compared with the previous weekend.

Related NewsG Sachs Upgrades SHK PPT to Buy, Downgrades HENDERSON LAND to Sell
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-23 16:25.)

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