Ligao International: Interest rate cuts help strengthen buyer confidence and willingness to enter the market, and the downward trend of Hong Kong property prices will inevitably slow down.
Liao Weiqiang stated that the market generally expects rate cuts to rekindle the property market engine, enhancing buyers' confidence and willingness to enter the market. Although overall property prices may not immediately stabilize, the decline is sure to slow down.
Hong Kong's Q2 GDP Rises 3.3%
CHINA CINDA MORTGAGE FINANCE: THE HONG KONG INTEREST RATE CUT CYCLE MAY START AS EARLY AS THE END OF THE YEAR, BOOSTING CONFIDENCE IN THE PROPERTY MARKET.
Wang Meifeng said that the opportunity of rate cut in the United States increased in September. The Hong Kong Dollar lending rate is expected to decline in the fourth quarter, reducing the cost pressure of banks and corporate funds, which is conducive to improving the enthusiasm of banks to lend for building houses. It is expected to increase confidence in the Hong Kong property market, and buyers who take advantage of the low prices will increase the atmosphere of the property market.
Global Inflation On Its Last Mile Of Deceleration
As of the end of June, the total assets of foreign exchange funds in Hong Kong Monetary Authority amounted to HKD 397.86 billion, a decrease of HKD 0.6 billion from the end of May.
The Hong Kong Monetary Authority announced today (July 31) that as of June 30, 2024, the total assets of forex funds were HKD 397.86 billion, a decrease of HKD 0.6 billion from the end of May 2024. Among them, Hong Kong dollar assets decreased by HKD 3.6 billion, while foreign currency assets increased by HKD 3 billion.
Market Chatter: Shenzhen to Issue 7 Billion Yuan in Bonds
