According to the latest market data, the government is expected to introduce new regulatory policies for the property market in the Policy Address, drawing attention from the market. Particularly, the mention of "cooling" and "uncooling" policies has led some buyers to enter the market quickly to avoid any adverse effects of policy adjustments.

Currently, there is a strong atmosphere of caution in the market, with buyers mainly focusing on affordable properties in the New Territories and Kowloon, leading to an increase in the number of transactions for second-hand properties. However, buyers for properties in the mid-to-high price range typically adopt a wait-and-see attitude and are hesitant to make purchasing decisions before the policy direction becomes clear.

It is worth noting that the sales performance in the primary market remains unsatisfactory. While some new units have been released for sale, most buyers are adopting a wait-and-see approach, resulting in an absence of the expected sales fervor. This reflects the market's anticipation and concerns regarding government regulatory policies, as well as investors' cautious predictions about the property market's trajectory.

According to data from Centaline Property and Midland Realty, the top ten luxury residential estates recorded 12 transactions during the recent three-day long weekend, representing an increase of approximately 66.7% compared to the same period last week. Nevertheless, with the market still in a wait-and-see mode, it is expected that some potential clients will wait for policy clarity before making market entry decisions.

Regarding the specific implementation of government regulatory policies, the market does not have a clear expectation. Some buyers fear a decrease in bargaining power after policy adjustments and are therefore eager to enter the market. However, other buyers are still adopting a wait-and-see approach, especially in the absence of clear explanations regarding policy details and feasibility.

From a global perspective, the pandemic remains one of the uncertainties. Although Hong Kong has shown some signs of relatively high vaccination rates, investors generally remain cautious due to the uncertainty surrounding pandemic control measures.