Centaline Property: Strong performance in first-hand residential transactions in Hong Kong, with an expected decrease in supply to 18,000 units by the end of the year.

According to the Smart Finance and Economics APP, benefiting from the decrease in interest rates, the atmosphere of the Hong Kong property market is gradually warming up. Developers are actively promoting the sale of existing unsold properties and speeding up inventory clearance. According to statistics from the residential department of Midland Realty, as of September 24th, the number of unsold first-hand units in Hong Kong has decreased to about 19,690 units, a decrease of 185 units from the previous month, a drop of nearly 1%, and has been maintained below 20,000 units for the third consecutive month. Compared with the peak of 22,816 units at the beginning of the year, the inventory has decreased by more than 3,100 units, a decrease of 14%.