"Shenzhen market’s response to the recent policy changes was swift and demonstrated confidence building up from purchasers’ perspective in Q4/2024. The residential market recovery momentum is expected to grow in 2025."

"The central government held a meeting in late September, cascading headline policy guidelines to boost residential property market growth nationwide. Market activities are expected to increase in the locality in Q4/2024."

"In general, market confidence remained a conundrum in the Shenzhenresidential sales market as it pledged more to the macroeconomic anddemographic contexts. But demand for projects with premium quality was high as exemplified by the sales of several key projects."