Since the implementation of the "spicy withdrawal" policy, the transaction volume in the Hong Kong property market has significantly increased within a month. According to data, the transaction volume of first-hand new properties has soared to over 4,000, an increase of 14 times compared to before the policy was implemented. Meanwhile, the average weekly transaction volume of second-hand properties in 50 key districts in Hong Kong has also increased by approximately 1.75 times, indicating a significant increase in transaction activity.

The implementation of this policy has shown significant effects within the first two weeks, with the market heating up continuously. Within less than 10 days, the transaction volume of first-hand properties in Hong Kong recorded over 1,500 transactions, with both first-hand and second-hand property markets maintaining active trends. Furthermore, the withdrawal of the "spicy measures" policy has also attracted a large number of mainland buyers to enter the Hong Kong property market. Several Hong Kong real estate agencies have reported receiving numerous inquiries and consultations from mainland clients, with many mainland customers even flying to Hong Kong specifically for property purchases.

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Mainland buyers have become a new driving force in the Hong Kong property market, a trend that is particularly attractive to some "new Hong Kong residents" and potential buyers participating in the Hong Kong "talent admission scheme." According to data, the "talent admission scheme" in Hong Kong has received over 72,000 applications, of which nearly 59,000 have been approved. While many of them choose to rent, as they settle down in Hong Kong, they will also become a new main demand force in the real estate market.

The withdrawal of the "spicy measures" policy is indeed a timely relief for the Hong Kong property market. For those holding permanent residency, the withdrawal of the policy also provides equal tax treatment when purchasing a second property, injecting new vitality into the group of buyers looking to exchange properties. For the non-permanent resident "floating population," the cancellation of additional stamp duty, buyer's stamp duty, and new residential stamp duty means saving millions of Hong Kong dollars in taxes, significantly alleviating the financial pressure of buying properties.