Residential market was dampened by rising interest rates and relentless selling in HK stock market, registrations for residential declined 22% q-o-q to 11,683 cases in the third quarter of 2022. Among, transaction volume in secondary market severely declined by 36% q-o-q to a 15-quarter low of 7,507 deals, as many homebuyers were undecided amid the uncertainty of global economic and interest rates hikeover the quarter.
Meanwhile, several new launches with lower entry price for sales captured a portion of purchasing power. In the primary market, a total of 4,176 transactions were registered, jumped 33% q-o-q to a 3-quarter high….
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