Hong Kong's first month after "spicy withdrawal": new housing turnover hit a 26 year high, mainland buyers and investors returned to the market

According to Meilian property monitoring, thanks to the previous favorable policy, new housing transactions in Hong Kong rose more than 14 times to 4200 in March, a monthly high since 1998, and the transactions of the top ten second-hand housing estates (private residential areas) rose about 2.6 times to 359 in March. It has been more than one month since the implementation of the comprehensive "spicy withdrawal". According to the transaction data counted in March, the policy effect is very significant. "After the withdrawal, Hong Kong's property market turnover increased sharply, coupled with the Federal Reserve keeping interest rates unchanged and expecting to cut interest rates this year, market confidence continued to increase." the federal union confidence index has risen for three consecutive weeks (the latest 61.9 points, up 2.5% weekly), and if future conditions continue, Hong Kong property prices are expected to stop falling and stabilize, "said Liu Jiahui, chief analyst at federal union property.