Market Insight | Hong Kong Property Stocks Generally Rise, Rate Cut Expectations Boost Homebuying Sentiment, Weekend Top 10 Estates in Hong Kong Achieve Approximately Half-Year High in Transactions
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Hong Kong property stocks generally rose, with WHARF REIC up 4.1% and CK ASSET up 4.06%. According to data from Centaline Property, the transaction volume of the top ten housing estates in Hong Kong hit a six-month high, recording 15 transactions over the weekend, an increase of 87.5% from the previous weekend. The market expects the Federal Reserve to cut interest rates, boosting home buying sentiment. Morgan Stanley predicts that the Hong Kong residential market will benefit from the rate cut, with property prices rebounding by 5% next year after an 8% decline this year
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