The comprehensive "spicy" repeal in the Hong Kong property market has immediately received widespread attention. Not only have local residents actively participated, but mainland customers have also flocked to the Hong Kong property market. Data shows that within just two days, Hong Kong's property market transacted 83 new properties, accounting for nearly one-third of the overall first-hand transactions in February. This fervent activity is reminiscent of a "mini-spring," while simultaneously, some "spring sentiments" are also gradually emerging in the mainland Chinese property market.

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In comparison, while the Hong Kong property market has taken a "big leap forward" by completely lifting its tax policies, the mainland Chinese property market tends to adopt a more gradual approach. This divergence in action reflects the current status and development trends of the two property markets. Nevertheless, the mainland Chinese property market is also undergoing gradual adjustments.

For example, there have been signs of stabilization in housing prices in January and February, accompanied by a rebound in transaction volumes in core first and second-tier cities. Although the secondary housing market has yet to fully stabilize, March typically sees a "mini-spring," coupled with the reduction in mortgage rates in 2024 and more relaxed property market policies, the mainland Chinese property market may soon experience a wave of warming up.