Deals covering new and lived-in homes, office spaces, shops, car parking slots as well as industrial units were estimated to have risen 6.2 per cent month on month to 6,862 units in September, with the total value up 14 per cent to HK$54.35 billion (US$6.98 billion), according to Centaline, one of the city’s largest property agencies.“With interest rate cuts reinstated in September, the Hang Seng Index continuing its upward trajectory to a four-year high and the recent policy address relaxing investment immigration requirements, sentiment in the property market continued to improve,” said Yeung Ming-yee, a senior associate director at Centaline.
“That led to a slight increase in transactions and could push total registrations back above 7,000 in October.”
Ricacorp Properties expected last month’s property sales to reach 6,883 transactions, with the value of deals jumping 13 per cent to HK$54.5 billion.
The latest official data released in September showed that lived-in home prices gained 1.26 per cent since April. Home rents, meanwhile, logged a 1.12 per cent increase – the largest increment in 14 months – to 198.7, just 1.4 points shy of the peak of 200.1 recorded in August 2019.