The Zhitong Finance App learned that the top ten housing estates of Central Plains Real Estate recorded 8 transactions over the past weekend (30 and 1 day), up 33.3% from 6 transactions last weekend. Chen Yongjie, vice chairman of the Asia Pacific region of Central Plains Real Estate and president of the Housing Department, said that in the past weekend, there were no new sales in the first-hand market, and some purchasing power returned. The first-hand market recorded more than 1,700 transactions in October, an increase of more than 20% over the previous month's record. Recently, several new first-hand properties have begun soft sales work, which is expected to launch within the month. It is expected that buyers will travel between the first-hand and second-hand markets in the short term. It is expected to drive overall trading.
According to statistics from Midland Property Branch, the top 10 housing estates recorded a total of about 8 sales transactions over the past weekend, up 1 unit or 14.3% weekly from about 7 cases last weekend, and remained in single digits for 9 consecutive weekends. If the 15 largest housing estates are calculated, about 8 transactions were recorded on Saturday and Sunday, which is flat on a weekly basis.
Bu Shaoming, senior director of Midland Properties, said that in November, several new properties were deployed to stimulate the continued emergence of purchasing power. Although no large-scale new properties were sold just past the weekend, individual new properties were also collecting tickets and opening demonstration units to visit, thus absorbing a lot of second-hand customers and attention, keeping the second-hand housing estate trading stable. However, interest rates in the US remain unchanged, and mortgage interest rates in Hong Kong remain low. Coupled with rising rents and attractive rental returns, it will also boost demand for personal use and investment, support the overall property market, and second-hand will also benefit.