According to the latest statistics on the sale and purchase agreements of building units in October published by the Land Registry, CBRE Group stated that the volume rebounded by 64.9% to 4,697 units after five consecutive months of decline. With the Fed starting to cut interest rates and the government introducing a number of loosening policies during the policy address, active buyers are observed entering the market. Last month, developers successively launched residential projects to capture the suppressed demand for home purchases after interest rate cuts and policy implementation.

CBRE Group pointed out that in the current high-end market situation, developers tend to actively promote their projects, prioritizing sales volume. Therefore, it is expected that first-hand transaction volume will continue to rise in the coming months. As property prices have adjusted to relatively lower levels and future mortgage rates are expected to be lower than the current levels, this will attract investors to enter the market. At the same time, transactions in the secondary market may also increase.