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Home Prices Set to Rise in Hong Kong, Singapore, Australia in 2025
The transaction of second-hand houses in Hong Kong is slowing down, and the CSI has once again fallen below the 50-point threshold.
Yang Mingyi, Senior Joint Director of the research department of CRIC, pointed out that the CRIC Broker Index CSI (residential sale price) latest report is 49.36 points, a decrease of 1.79 points from last week's 51.15 points.
Standard & Poor's expects that Hong Kong property prices will stabilize next year, raising the sales volume forecast for new projects to 0.02 million units.
Rating agency Standard & Poor's released a report stating that after a nearly 30% decline in high Hong Kong property prices in 2021, they are expected to stabilize next year. However, local developers are still struggling, mainly due to high inventory, and the recognition of residential projects purchased during the period of high land prices will further pressure profit margins. Nevertheless, Standard & Poor's believes that with the government relaxing housing market measures and interest rates trending downwards, they have revised their forecast for next year's new home sales volume to 0.02 million units. In addition, Standard & Poor's expects that the future three to four years' new supply may exceed 80% of the government's ten-year private residential supply target.
Express News | Standard & Poor's has raised its forecast for the residential sales volume in Hong Kong in 2025, expecting housing prices to stabilize.
Outdoor promotional activities are recommended for the five major landmark shopping malls in Causeway Bay.
Causeway Bay's five major landmark shopping malls, Sogo Causeway Bay Store, East LAFORET, Causeway Bay Area, Royal Fort, and Fashion Walk, collaborated to launch the "Causeway Bay - Mascot - Super Party" event last weekend (9th to 10th), aiming to attract foot traffic and drive local consumer spending.
Express News | Hong Kong's second-hand property price index rose by 1.24% on a week-on-week basis.
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