Li Ka Shing's Li Ka Shing Foundation expects Hong Kong property prices to rise by 15% this year, with a target of opening 20 new branches within the year

Lijia Ge President Liao Weiqiang has raised the forecast for this year's property price increase in Hong Kong to 15%, expecting the number of primary transactions to reach 22,000 with a transaction value of HKD 250 billion; the number of secondary transactions is expected to be 45,000 with a transaction value of HKD 350 billion.

He believes that the property market will be prosperous this year, as the current inventory of new properties has fallen below 17,000 units, coupled with the government's resumption of land supply, which will stimulate property prices and transactions. In addition, he anticipates that the tightening of immigration policies in the UK will lead to a 30% return of Hong Kong residents, driving demand for property, along with the continuous increase in mainland immigrants and the wealth effect brought about by an active new stock market, all of which will help boost the property market.

He indicated that the company plans to increase at least 20 branches this year, having already opened 5 new ones in the first two months of the year; he expects the number of employees to increase by 400 to 500, and will also invest over HKD 10 million in AI and marketing