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Centaline: Mar Registered 2nd-hand Private Home Mortgage Contracts Rise 16.7% MoM; 1Q24 Just 3K Cases, Setting 8-yr Low
2024-04-25 16:11:50
There were 1,085 completed housing mortgage contracts registered for second-hand private homes in March 2024, representing a MoM increase of 155 cases or 16.7%, but hovering around the about 1,000 level for 5 consecutive months, Yeung Ming Yee, senior associate director at Centaline Property Research, said.

There were only 3,091 cases in 1Q24, an 8-year low since 2017. However, with the withdrawal of stress testing, the government's spicy measure, the property market clearly rebounded at the end of February, with a sharp increase in trading and a significant rise in demand for second-hand completed housing mortgages.

It is estimated that there will be over 1,000 cases in April, with over 2,000 cases in May and June. The figure is expected to rise to about 5,500 cases in 2Q24.
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