HK's Top 10 Housing Estates See Prices Drop 13% in 8 Years | HK Weekend Property Market Recap

Just before the Lunar New Year, the second-hand market continued to record low transaction volumes. Over the weekend, only six second-hand transactions were recorded across all major agencies.
Data from the city’s four major real estate agencies show that only about six transactions were recorded over the weekend across the top ten blue-chip housing estates.
Agents noted that many potential buyers are using the Lunar New Year holiday to travel, leading to a pause in property viewings and transactions. This slowdown in activity has further dampened the second-hand market.
However, agents also expressed optimism that the market would pick up after the holiday period. As the festivities fade, it is expected that the property market will see a modest rebound.
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