Both Hong Kong and the US cut interest rates by 0.25%. Centaline Property: Hong Kong property prices are expected to rise by 3% to 5% in the fourth quarter

On November 7th, the Federal Reserve cut interest rates by 0.25%, and BOC Hong Kong and HSBC also followed suit, adjusting Hong Kong's best lending rate to 5.375%. Chan Wing Kit, Vice Chairman of Centaline Property, expects that due to the central government's market rescue and interest rate cuts, Hong Kong property prices are likely to rebound by 3% to 5% in the fourth quarter. The transaction volume for new homes in October increased threefold compared to September, and the secondary market also saw significant growth, indicating that the interest rate cut and favorable policies have activated the market. There are clear signs of a halt in the decline of property prices, and the market outlook is optimistic