News: 2024.03.17
Last weekend, there were some changes in the Hong Kong real estate market, and the second-hand transaction volume decreased. This was mainly affected by the launch of new properties. Real estate agents said that as new projects continue to be launched, some buyers will turn to new projects, resulting in a decrease in activity in the second-hand market.
According to the latest data, second-hand transaction volume last weekend fell by 10% compared with the previous week. This change has attracted market attention, and some analysts pointed out that as the supply of new projects increases, the second-hand market may be further affected.
Real estate agents say that the launch of new properties usually attracts the attention of some buyers, who will give priority to buying new properties rather than second-hand homes. This has also led to a drop in transaction volume in the second-hand market, but they believe this situation is only temporary.
Regarding future market trends, real estate agents said that as the pace of new sales gradually slows down, the activity of the second-hand market may gradually recover. They advise buyers to consider everything when choosing a property and pay attention not only to new developments but also to opportunities in the secondary market.
In general, changes in the real estate market are normal, and investors and buyers should stay calm and view the market situation rationally. Whether it is a new or second-hand house, each has its own advantages and disadvantages, and buyers should make a suitable choice based on their own needs and circumstances.