KGI Asia: If developers accelerate inventory reduction, Hong Kong property prices may recover to unit number growth as early as next year

The Chief Investment Officer of KGI Asia, Liang Qitang, stated that if Hong Kong developers accelerate inventory reduction, it is expected that Hong Kong property prices will recover to single-digit growth as early as next year. He anticipates that the Federal Reserve will cut interest rates 4 times this year, believing that rate cuts will help reduce funding costs and support the economy. Although transactions in the property market have rebounded, high inventory levels still put pressure on the secondary property market. In terms of office buildings, due to slow economic recovery and excessive new supply, rents are expected to drop another 10% next year. Liang Qitang suggested that investors focus on stocks in other industries rather than Hong Kong real estate stocks