Reported 9 months ago
In May, the number of property transactions hit a 29-month high, with experts predicting that this trend will continue into the second half of the year. The increase in transactions is attributed to various factors including the rise of the stock market, the impact of the new policies related to land use classification, and inflation expectations. Observing the market conditions in May and June, both new and existing home markets remain active, with the number of transactions expected to continue to grow year-on-year in July. Despite the traditional off-season in the third quarter, experts believe that as long as the stock market remains stable, and major negative factors are avoided in the global and domestic economy, there is a chance that the total number of transactions for the year could challenge the 2013 record of 371,000 units.
Source: YAHOO