Vincent Chan: Property market expected to see higher volumes and stable prices this quarter; improving China-US relations add confidence

Vincent Chan expects the residential market to see higher volumes and stable prices in the fourth quarter. Primary market transactions in the third quarter fell short of 4,000 cases, down nearly 40 per cent quarter-on-quarter, as developers shifted to launching projects at market prices and rents continued to hit record highs. The meeting between the Chinese and US leaders sent signals of stabilisation, adding confidence to the property market.