Merrill Lynch: Rate cut effect slow to ferment, expected October Hong Kong property market first-hand transactions increase by more than 1.8 times to over 2,000 cases.
Tony But, the Chief Executive of the Residential Department of Midland Holdings, stated that although the Hong Kong property market did not see a rapid heating up after the interest rate cut, the recent sudden launch of a combination of measures by the central government to boost the property and stock markets, in conjunction with the latest record low in the housing affordability ratio in Hong Kong in over 8 years, as well as the slow fermentation of the interest rate cut effect in the property market, is expected to significantly enhance the trading of first-hand properties in the real estate market in October.
Milan significantly tightened its finances, with Argentina's poverty rate now exceeding 50%.
In the first half year of Macri's administration, Argentina's poverty rate hit a new high in 20 years, leading to 3.4 million "new poor", and Macri's approval rating began to decline.
Lijiagge: Rate cut effect remains to be observed, expected Hong Kong property prices to fall by another 1% in September.
The latest data published by the Hong Kong Rating and Valuation Department today shows that the private residence price index for August 2024 was 292.1 points, a continued decrease of 1.72% from July's 297.2 points, marking the fourth consecutive month of decline, with a total decline of 5.65%.
Hong Kong's composite CPI in August rose by 2.5% year-on-year.
On September 20th, the Hong Kong Census and Statistics Department released the Consumer Price Index for August 2024.
In the second quarter of 2024, Hong Kong's GDP rose by 3.3% year-on-year in real terms.
On September 20, the Hong Kong Census and Statistics Department released the preliminary figures of the Gross Domestic Product (GDP) for the second quarter of 2024 compared to the previous quarter, calculated according to economic activities.
Hong Kong Monetary Authority: The composite interest rate at the end of August was 2.52%, down 6 basis points from the previous month.
On September 20th, the Hong Kong Monetary Authority announced the composite interest rate as of the end of August 2024.