Central Plains Real Estate and Midland Properties all recorded 5 transactions over the weekend: down more than 40% from week to week

The Zhitong Finance App learned that the top ten housing estates in the Central Plains recorded a total of 5 transactions this past weekend (October 3 and 4), down 44.4% from the 9 recorded last weekend, and 7 housing estates recorded zero transactions. Chen Yongjie, Vice Chairman of the Asia Pacific Region of Central Plains Real Estate and CEO of the Housing Department, said that as of October, the overall market conditions are improving. Developers are hoping to seize the opportunity and seize the purchasing power of the market. Prices are also diversified, and various regions and types can seize a lot of market attention. It is expected that this month's market focus will be on first-hand new products. The second-hand market will be under slight pressure in the short term. It is expected that the second-hand market will return to use at the end of the month, driving the second-hand market to flourish at the end of the month.

According to data from another agency, the top ten housing estates recorded a total of about 5 sales transactions over the past weekend, a decrease of about 44.4% compared to 9 transactions last weekend; if the top 15 housing estates were calculated, about 6 transactions just this past weekend, a decrease of about 40% compared to 10 transactions last weekend.

Bu Shaoming, senior director of Midland Properties, said that new listings are being sold at attractive prices to stimulate the release of purchasing power, leading to more than 1,000 first-hand transactions for two consecutive months. It is expected that a large number of new listings will continue to hit the market in October, which will inevitably be in full bloom. It is expected to record an active level of more than 2,000 cases throughout the month. However, just this past weekend, the second round of sales in Southwest Kowloon sold out on the same day. Coupled with the collection of tickets on the first weekend of the new market in Yau Tong, they seized market focus and froze capital and purchasing power, causing second-hand trading to continue at a low level. However, as some first-hand customers gradually return to second-hand “treasure hunters,” it is expected to inject momentum and support into the second-hand market.