Hong Kong 50 Estates Sales Hit Five-Week High
AM730 · 1 SOURCESabout 1 hour ago2 MIN
Summary
Hong Kong’s 50 benchmark housing estates logged 65 sale and purchase transactions in the week of July 27 to August 2, compared with 62 in the previous week, marking a rise of nearly 5% and the strongest reading in about five weeks . Ricacorp researcher Chan Hoi-chiu said poor weather and a wait-and-see mood over the US rate decision and interest-rate direction limited any stronger rebound in activity . Regional performance diverged, with Hong Kong Island rising 40% week on week, Kowloon unchanged, and the New Territories down 4% . Even so, all 50 estates have now stayed below 70 weekly deals for five straight weeks, showing a market still consolidating at a low level .
Key Points
- The 50 tracked estates recorded 65 transactions from July 27 to August 2, up from 62 a week earlier, the highest in roughly five weeks .
- Hong Kong Island’s eight benchmark estates posted 14 deals, up 40% from 10, led by Taikoo Shing with eight transactions, triple the prior week .
- Kowloon’s 21 estates recorded 25 deals, unchanged week on week, while Laguna City jumped from one transaction to five during the period .
- Whampoa Garden and Amoy Gardens logged six and two deals respectively, both doubling weekly, but Laguna Verde fell to one deal from three .
- The New Territories’ 21 estates posted 26 deals, down from 27, while 17 of all 50 estates recorded zero transactions, unchanged weekly .
Why It Matters
The figures suggest Hong Kong’s secondary housing market remains soft rather than recovering decisively, with weather disruptions and interest-rate uncertainty still affecting sentiment . At the same time, the persistence of sub-70 weekly transactions for five weeks may indicate demand is accumulating, leaving room for a pickup if new launches improve market confidence in August .