Land registration records from Land Registry data show that from January to October this year, a total of 124 secondary transactions were recorded among the 10 affordable housing estates in Hong Kong, an increase of about 6.9% compared to 116 transactions last year, setting a 3-year record. Among them, 30 transactions were recorded for将军澳叠翠轩, a 66.7% increase from 18 transactions last year.
Shum Ping De said, "The general number of transactions in affordable housing estates is relatively low, creating a low base effect, causing the year-on-year rise or fall to have significant differences. 将军澳叠翠轩 transactions increased due to its geographical advantage, with a pedestrian bridge connecting to the Pok Fu Lam station, a one-sided layout with mountain and park views. This year’s transactions mainly focused on three-bedroom units ranging from 591 to 660 square feet, priced from HKD 5.12 million to HKD 7.68 million."
Other affordable housing estates such as Diamond Hill Yi Ting Yan saw a doubling of transactions to 18 units from 6 units last year, and Shatin Qing Bi Garden saw a more than 1.3-fold increase to 7 units from 3 units. In contrast, a 98.2% decrease was recorded for Kwai Tsing Ho Fuk Garden, with just 2 transactions compared to 9 last year; Kwai Tsing Hao Jing Tai had a 48% decrease to 13 transactions from 25 last year; while Kwai Tsing Qian Hong Ju saw a 37.5% decrease to 5 transactions from 8 last year.