The Zhitong Finance App learned that Chen Haichao, head of the research department of Lijiagge Real Estate, said that the “bamboo shoots” of second-hand housing estates have yet to be added after the previous round of rapid digestion. As owners tend to hesitate to sell one after another, the transaction progress has slowed slightly. According to data from Ricard Real Estate Branch, the 50 target housing estates in Hong Kong recorded a total of 150 sales cases last week (March 11-17), down 19% from 186 in the previous week (March 4 to March 10), and is still the 54-week high since March last year. Chen Haichao pointed out that the intention to enter the second-hand market is still strong, but after the affordable market was sold one after another, the negotiation time between the buyer and seller lengthened slightly.

Furthermore, Chen Haichao said that many new listings have been launched in full swing, not only stealing market focus, but also diluting second-hand market share, causing second-hand housing estate transactions to fail to take advantage of the chase. It is expected that the target housing estate sales will repeatedly hover around 150 units in the short term. Waiting for more bamboo shoots and an empty window period for first-hand sales, it is expected to hit the 200 level again.

By region, the trading volume of the target housing estates in Kowloon and the New Territories both fell last week, while Hong Kong Island increased weekly; while the 21 target housing estates in the New Territories recorded a total of 73 transactions last week, a decrease of 30% from 104 in the previous week. Among them, Tsuen Wan Centre's trading volume decreased from 8 in the previous week to 2 transactions last week; the popular residential estates Shatin First Town and Kingswood Villas each recorded 9 and 10 transactions, with weekly decreases of 53% and 58%, respectively; Mingcheng and Park Wai Hao Garden recorded a weekly decrease of 53% and 58% respectively; 3 transactions and 1 transaction decreased by 57% and 50% on a weekly basis, respectively; the trading volume of Rosedale Bay and Bellevue Peninsula was The 3 cases in the previous week each decreased by 33% to 2 cases last week.

In the Kowloon district, the 21 target housing estates recorded a total of 55 transactions last week, down 10% from 61 in the previous week. Among them, Whampoa Garden's turnover decreased by 79% from 14 in the previous week to 3 in the previous week; Tseung Kwan O Centre and Victoria Bay Side each recorded 2 transactions and 1 transaction each, with weekly decreases of 60% and 75%, respectively; Metropolis Station, Victoria Harbour and Harbour Palace each recorded 1 transaction during the week.

The eight target housing estates on Hong Kong Island recorded a total of 22 transactions last week, an increase of 1 or 5% over the previous week's 21. Among them, the volume of the blue-chip housing estate Taikoo Shing surged 1.4 times from 5 in the previous week to 12 last week; the Haiyi Peninsula recorded 4 transactions during the period, an increase of 33% over the previous week's 3. Furthermore, out of the 50 target housing estates in Hong Kong, a total of 8 housing estates recorded “zero transactions” last week, a decrease of 11% compared to 9 the previous week. Among them, Kowloon and the New Territories accounted for 4 and 3 housing estates respectively, while Hong Kong Island accounted for 1.