Market Insight | Most Hong Kong property stocks rise, with renewed expectations of interest rate cuts rekindling the real estate atmosphere. Over the weekend, transactions in the top ten housing estates in Hong Kong increased by 80% compared to the previous period
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Most Hong Kong property stocks rose, with WHARF REIC up 5.36% to HKD 19.64 and NEW WORLD DEV up 5.2% to HKD 7.48. The cooling of the U.S. employment market in July has increased market expectations for a rate cut by the Federal Reserve in September. The transaction volume of the top ten housing estates in Hong Kong increased by 83% over the weekend, reaching a new high in 14 weeks. It is expected that there will be a high probability of a rate cut in the U.S. next month, reigniting the property market sentiment
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