Centaline Property and Midland Realty both recorded 5 transactions across the top ten housing estates over the weekend: down more than 40% week-on-week.

Zhito Finance APP has learned that according to Centaline Property, the top ten housing estates recorded a total of 5 transactions over the past weekend (October 3 and 4), down 44.4% from 9 transactions the previous weekend, with 7 housing estates recording zero transactions. Chen Yongjie, Vice Chairman of Centaline Property Asia-Pacific and President of the Residential Department, said that entering October, the overall market conditions are improving, and developers are eager to seize the opportunity to launch projects, capture market purchasing power, price close to the market, and offer diversified locations and types, attracting considerable market attention. It is expected that this month's market focus will fall on first-hand new projects, and the second-hand market will come under slight pressure in the short term. It is expected that by the end of the month, buyers who missed out will return to the second-hand market, driving simultaneous prosperity in the second-hand market.