Housing market is experiencing a further deceleration in the third quarter this year. A total of 9,174 cases was recorded over the period, representing a 25% q-o-q decrease. Among them, the secondary market saw 6,658 transactions which indicating a fall by 23% from a quarter earlier. New home sales saw a substantial 30% q-o-q decrease to 2,516 registered contracts. The number of deals in both markets hit a 3-quarter low.
The home price index swiftly dropped to 332.1pts in September, representing a decline by 0.78% year-to-date and reaching a new low since April 2017. The rental index surged up by 6.15% year-to-date…..
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