News: 2024.12.27
Since September, the U.S. Federal Reserve has cut interest rates three times in a row, and Hong Kong's major banks have followed suit. Hong Kong property prices have also rebounded. According to the latest announcement from the Rating and Valuation Department, Hong Kong’s private housing price index in November was last at 290.9 points, an increase of nearly 1% from the previous month. This is the second consecutive month that property prices have increased, but overall, property prices still fell by 6.5% in the first 11 months of this year.
Industry insiders pointed out that although the property market has experienced a short-term rebound, overall the market is still unstable. They called on the government to consider more measures to revitalize the economy in order to truly stabilize the property market. At present, the government's property market policies have not yet achieved significant results and need to be further improved.
The global economy is facing many challenges, including trade wars, economic uncertainty and other factors. These factors have had a certain impact on Hong Kong's economy and property market, and require joint efforts from the government and the industry to deal with them.
The industry suggests that the government should increase its support for the economy and introduce more stimulus measures to promote economic growth and stabilize the property market. Only when the economy stabilizes can the property market truly stabilize in the long term.
The stability of the economy and property market is the result of the joint efforts of the government and the industry. It is hoped that the government can listen to the suggestions of the industry, actively promote economic development, and bring a more stable future to the property market.