News: 2024.12.27
According to the latest data, Hong Kong's private residential market has shown optimism recently, with property prices rising for two consecutive months. This trend is due to the SAR government’s comprehensive relaxation of mortgage policies in the policy address in October, as well as the impact of Hong Kong banks re-entering the interest rate cutting cycle in September.
The SAR government's relaxation of mortgage policies has injected new vitality into the market, allowing more people to afford private residences. At the same time, interest rate cuts by local banks have also brought some stimulus to the property market, prompting property prices to begin to pick up.
Stimulated by a number of policies, private residential property prices in Hong Kong have risen for two consecutive months, and the market atmosphere has gradually warmed up. The SAR government's relaxation of mortgage policies has brought more opportunities to the market and attracted more buyers to the market.
Hong Kong banks re-entered the interest rate cutting cycle in September, a move that played a positive role in the recovery of the property market. In a low-interest-rate environment, the cost of purchasing a home has decreased, attracting more investors and buyers to enter the market.
With further policy easing and adjustments to bank interest rates, Hong Kong's private residential market is expected to remain optimistic. Investors and buyers should pay close attention to market dynamics and seize the opportunity to realize their home ownership dreams.