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Express News | Hong Kong's second-hand property price index rose by 1.24% on a week-on-week basis.
Hong Kong and the United States both reduced interest rates by 0.25%. Midland Realty: Hong Kong property prices are expected to rebound by 3% to 5% in the fourth quarter.
Chan Wing-kee predicts that Hong Kong property prices in the fourth quarter may stop falling and rise by 3% to 5%.
HKMA: Interest rates may remain at relatively high levels for a period of time.
The Federal Reserve in the USA cut interest rates by 0.25 basis points. The Hong Kong Monetary Authority stated that as expected by the market, the Fed further lowered interest rates, implementing a looser monetary policy. However, the future pace of rate cuts depends on the economic data in the USA, which will be affected by fiscal and economic trade policies, thus there are still many variables. Additionally, since the monetary policy environments of major economies are not necessarily fully synchronized, the risk of global market volatility is worth noting. The Hong Kong Monetary Authority mentioned that the financial and monetary markets in Hong Kong are operating smoothly, with stable market liquidity and a stable exchange rate of the Hong Kong dollar. The Hong Kong dollar's interbank interest rates are generally approaching the US dollar rates under the linked exchange rate system, while shorter-term interbank rates.
Real estate market continues to warm up! Hong Kong's mainland real estate stocks are soaring again, with several real estate companies surging more than 20% in a single day.
1. At the end of October, the real estate market sales accelerated, how does the market view the sustainability? 2. Mainland real estate stocks in Hong Kong soared again, how do institutions view this?
Cheung Kong's Zhao Guoxiong: Next year, overall property prices in The Harbourside (01113.HK) are expected to rise by 5% to 10%.
According to comprehensive media reports, Cheung Kong's (01113.HK) executive director, Zhao Guoxiong, expects that there will be minimal downward pressure on the property market, believing that it will be difficult to see a repeat of the situation where 'bombs are dropped' in terms of pricing. He estimates that prices of medium-sized and small residential properties are expected to rise by 5% next year, while luxury homes may see an increase of 8% to 10%, ranging from high single digits to low double digits. In addition, he revealed that Cheung Kong will launch the second phase of unit bidding for 21 Borrett Road, a super luxury residential project in Mid-Levels, next year, involving a total of 66 units. The project has already obtained a pre-sale consent letter for the property in 2018; as for the first phase of mid-to-high-level units, seventy-eight units have already been sold. Regarding the HKHAK Jade Road
Hong Kong Mulls Self-Development of Kai Tak Road Project Following Bid Rejection
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