Choosing between the wrong two Hong Kong neighbourhoods could matter far more than any small discount we negotiate, so I am trying not to read too much into the April 2025 figures.
Retail units in good condition seem to have taken about 82 days to move, while residential properties needing work have remained available longer. Completed prices also appear to sit roughly 1.2% below the relevant asking level, but I cannot tell whether that comparison uses original prices or later reductions.
What would change the decision is a small sample of matched residential transactions in the two areas, including listing history, condition and completion date. For example, a flat reduced twice before selling tells a different story from one agreed near its first price. Could policy timing, low transaction volume or later data revisions be distorting the April picture? Direct observations from either neighbourhood would be more useful than a Hong Kong-wide average.
Retail units in good condition seem to have taken about 82 days to move, while residential properties needing work have remained available longer. Completed prices also appear to sit roughly 1.2% below the relevant asking level, but I cannot tell whether that comparison uses original prices or later reductions.
What would change the decision is a small sample of matched residential transactions in the two areas, including listing history, condition and completion date. For example, a flat reduced twice before selling tells a different story from one agreed near its first price. Could policy timing, low transaction volume or later data revisions be distorting the April picture? Direct observations from either neighbourhood would be more useful than a Hong Kong-wide average.