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cbre group expects first-hand transaction volume to continue to rise in the coming months.
According to the latest statistics on the volume of building unit sales contracts released by the Land Registry in October, CBRE Group stated that the volume rebounded by 64.9% to 4,697 transactions after five consecutive months of decline. With the Fed starting to cut interest rates and the government introducing multiple easing policies during the policy address period, active buyers are observed entering the market. Developers launched residential projects last month to capture the suppressed housing demand after the rate cut and policy implementation. CBRE Group pointed out that in the current high inventory situation, developers tend to actively promote new listings, prioritizing sales volume. Therefore, first-hand transaction volume is expected to continue to rise in the coming months. Due to the adjusted property prices.
CBRE Group: It is expected that the volume of first-hand transactions in the Hong Kong property market will continue to rise in the coming months.
CBRE Group stated that, as property prices have adjusted to relatively low levels, combined with the expectation of lower mortgage rates in the future compared to the current levels, this will attract investors to enter the market.
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