Zhongyuan Real Estate: The reopening of multiple transactions with one signature in Hong Kong will benefit the Hong Kong property market

Chen Yongjie, Vice Chairman of Central Plains Real Estate in the Asia-Pacific region, stated that the reopening of Shenzhen residents traveling to Hong Kong for multiple entries in December will boost Hong Kong's retail and dining industries and indirectly help the property market. Benefiting from the U.S. interest rate cuts and the depreciation of the Renminbi, the Hong Kong property market is rising steadily in sync with the Greater Bay Area. In November, the Greater Bay Area index recorded its largest increase in a year and a half, with multiple cities achieving record transaction highs. It is expected that the Hong Kong property market will continue to rise steadily in 2024