Midland Realty: The Hong Kong property market shows slight signs of recovery, and the Hong Kong banks' unexpected interest rate cuts will boost investor confidence
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MIDLAND PROPERTY analyst Liu Jiahui stated that the Hong Kong property market has shown slight signs of recovery, with the latest property price index reported at 127.69 points, a weekly increase of 0.34%. The confidence index has fallen to 61.5 points, mainly reflecting the market's wait-and-see sentiment ahead of the Federal Reserve's interest rate decision and the U.S. presidential election. Hong Kong banks unexpectedly cut interest rates by 0.25%, which is expected to boost investor confidence. Property price trends vary across different districts, with the Island District experiencing the largest decline this year, reaching 9%
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