CK Asset's Zhao Guoxiong: Hong Kong's first-hand property prices have basically stabilized, rate cuts can improve public confidence in entering the market

CK ASSET Executive Director Zhao Guoxiong stated that the first-hand property prices in Hong Kong have basically stabilized, and it is expected that the Federal Reserve will cut interest rates by 0.25%, which will improve the confidence of citizens in entering the market. He emphasized that there is still demand in the property market, and developers should price according to the affordability of citizens. The two large-scale projects recently launched by CK ASSET have received positive responses, with property prices close to cost price, and it is expected that there will not be a significant price reduction. The situation of unsold units is due to the uncertain market outlook, and developers face challenges when acquiring land