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<H Shrs>JLL: March Stock Market Correction Expected to Reduce HK Secondary Home Transactions
JLL's Senior Director of Project Strategy and Consultancy, Li Yuanfeng, commented on the significant increase in the February private residential price index, stating that the rise...
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<H Shrs>JLL: March Stock Market Correction Expected to Reduce HK Secondary Home Transactions
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JLL's Senior Director of Project Strategy and Consultancy, Li Yuanfeng, commented on the significant increase in the February private residential price index, stating that the rise was mainly due to the strong stock market performance at that time, which led to optimism about future property price trends, continuing the momentum from the primary market in January. Additionally, secondary market owners were in a wait-and-see mode during the Chinese New Year, with some owners raising prices, contributing to the increase in the private residential price index.

Li Yuanfeng estimated that as the stock market corrected in March, some secondary property buyers would hesitate, leading to a decrease in transaction volume in the secondary market. However, the primary market remained active due to the continued presence of mainland buyers and developers not slowing down their pace of new launches. As a result, the primary market recorded a high transaction volume of 1,600 cases in March, with no significant slowdown observed, and the property market is expected to continue its steady upward trend. (ca/da)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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