Market Insight | Hong Kong Property Stocks Generally Rise, Rate Cut Expectations Heat Up Again, Morgan Stanley Expects Hong Kong Residential Prices to Rebound by 5% Next Year

Hong Kong property stocks generally rose, with WHARF REIC up 3.71% and LINK REIT up 3.34%. As the expectation of interest rate cuts heats up, Morgan Stanley expects that a rate cut in the United States will benefit Hong Kong property market, with residential prices possibly rebounding by 5% next year. At the same time, the bank pointed out that residential prices this year are expected to fall by 8%. It is anticipated that a 100 basis point reduction in the Hong Kong Interbank Offered Rate will drive a 5% increase in property developers' profits