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Hong Kong Land Registry: The total value of residential property sales contracts in December 2024 is 32.6 billion HKD, an increase of 33.9% year-on-year.
On January 3rd, the Hong Kong Land Registry published the Statistics for December 2024.
The Hong Kong Mid-Levels Price Index increased slightly by 0.14% weekly, with a cumulative decline of 6.86% in 2024.
With Hong Kong Banks further reducing interest rates by 0.125%, this is the third rate cut since September, which positively supports the Hong Kong property market, enhances owners' confidence, reduces discount listings, and raises the confidence Index.
Zhongyuan Real Estate: The Zhongyuan Valuation Index (CVI) has stabilized above 50 points for three consecutive weeks, indicating repeated contention in Hong Kong's property prices.
This week, the Central Plains Valuation Index (main Banks) CVI reported 50.35 points, a decrease of 3.85 points from last week's 54.20 points.
Earnings Tell The Story For Sun Hung Kai Properties Limited (HKG:16)
Market Chatter: Banks Cut Margin Financing Ratio of New World Development
TRANSPORT INT'L (00062.HK) has entered into an insurance arrangement with SHK PPT for 2025/26.
On December 19, Gelonghui announced that TRANSPORT INT'L (00062.HK) signed an insurance arrangement for 2025/26 with a wholly-owned subsidiary of SHK PPT, SHK PPT Insurance, on December 19, 2024. According to this insurance arrangement, SHK PPT Insurance will provide insurance and related services to the group, and the policies signed under the 2025/26 insurance arrangement will take effect from January 1, 2025, to December 31, 2026.
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