Kerry Properties' Huang Guangyao: US rate cut in September is good news for the Hong Kong property market, expecting developers to accelerate sales pace

Zhitong
2024.08.12 06:23
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The expected interest rate cut in the United States in September will be beneficial to the Hong Kong property market, reducing market funding pressure. Property prices have adjusted significantly compared to two years ago, prompting potential buyers to enter the market more quickly. Wealthy Link Real Estate will accelerate the pace of sales, with multiple projects set to be launched in the second half of the year. Wong Kwong Yiu believes that developers will capitalize on the interest rate cut factor to increase listings, expecting transaction volume to rise