The residential market relieved after the relaxation of ‘spicy cooling measures’ announced in Policy Address 2023. A total of 2,554 cases for both primary and secondary markets was registered in November 2023, representing a 20% monthly rebound, but still hovering near the bottom of the barrel. Of these, 2,007 cases were specifically for the second-hands, indicating a 14% increase from a month earlier and a 3-month high.
Home buying sentiment remained sluggish, with the housing prices in November falling for the seventh consecutive month to their lowest level in almost seven years……
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