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HK July Property Deals Up 60.6 Percent from June
The Land Registry of Hong Kong recorded 7,827 sale and purchase transactions on residential and non-residential building units in July this year, up 60.6 percent from the previous month, but down 7.8 percent from the same period last year.
The total value of the deals last month was about 17.6 billion HK dollars (2.26 billion US dollars), up 50.5 percent over June this year but down 18.7 percent from July last year, according to Hong Kong's leading English newspaper "South China Morning Post" Friday.
Henderson Land Development, one of the largest housing supplier in Hong Kong, also said this July witnessed the company's best monthly sales results in the past 18 months, generating about 1.6 billion HK dollars (205 million HK dollars) from the sale of 700 units.
As the market sentiment is improving, Henderson Land began to release 20 houses at its completed luxury development Casa Marina in Tai Po, the New Territories of Hong Kong, for sale Friday.
The offered prices of the 20 houses at Casa Marina are 15 to 20 percent below the transacted prices in the secondary market.
Seeing the strong market response, the company would consider raising prices for its 1,000 remaining units by 3 to 5 percent, said Donald Cheung, general manager for sales of Henderson Land.
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