Lijia Ge: The initial effects of interest rate cuts and market rescue measures are evident, expecting the annual decline in Hong Kong property prices to narrow to 5.88%
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Chen Haichao, head of the research department at Li Jia Ge Real Estate, stated that favorable factors such as interest rate cuts and market rescue measures have begun to take effect, stimulating a slight rebound in Hong Kong property prices. The private residential price index in October rose by 0.62% compared to September, ending a continuous decline of five months. It is expected that the full-year decline in property prices will narrow to 5.88%. The market remains uncertain about future trends, especially with the uncertainties following the inauguration of the new U.S. president
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