Oceanwide International (00129.HK) is located in Hung Shui Kiu at "The Metropolis", which has sold a total of 244 units since lowering interest rates in September this year, with a transaction amount exceeding 1.08 billion yuan.

Oceanwide International Group's Executive Director, Guan Baolin, stated that according to the data, the buyers of "The Metropolis" are mainly young people, with 80% of the buyers being branch families and first-time homebuyers under the age of 40, purchasing units for self-occupation; young buyers value the lower costs at "High Park Metropolis", combined with the expectation of further reductions in mortgage interest rates, hence seizing the opportunity to enter the market.

He added that in September this year, Banks lowered the mortgage rates, the government fully lifted restrictions in October and optimized the new capital investor immigration plan, along with consecutive interest rate cuts in November and December, a series of Bullish factors stimulated buyers to accelerate their entry into the market, and as Banks further lowered interest rates, investors have gradually returned to the property market, with a noticeable increase in foot traffic at showrooms. With the mortgage rates falling and projects continuing to launch at preferential prices, the "buying is cheaper than renting" effect is expected to attract long-term investors and users to look for quality new properties.