Reported 12 months ago
The Department of Land Administration in the six major cities announced the data for property turnover in June, revealing a total transaction volume of 23801 units, showing an 11.5% monthly increase and a 16.9% yearly increase. With a total of 136499 units traded in the first half of the year, there is a 27.6% increase compared to the same period last year, marking the highest level in 11 years. Factors like expectations of inflation, a bullish stock market, the Wealth Effect, and the introduction of new housing loans have all contributed to the robust housing market. Despite some cooling signs in June, experts predict a gradual convergence in transaction growth in the second half of the year due to various policy measures and market conditions.
Source: YAHOO