Hong Kong Foreign Currency Reserves Decline as of End-December 2024
Hong Kong Businesses' Growth Momentum Slows in December 2024
K. Wah International Holdings: It is expected that Hong Kong property prices will remain stable in the first half of the year, and if interest rates are lowered in the second half, it will support an increase in property prices.
Huang Guangyao stated that the Hong Kong property market is expected to remain dominated by new units this year, thus property prices will stay stable in the first half of the year. When the situation of developers clearing inventory is relatively ideal, prices are expected to increase. Additionally, it is estimated that there will still be opportunities for interest rate cuts in the second half of the year, all of these factors support the rise in property prices.
Hong Kong's Retail Sales Drop Over 7% for November
Hong Kong Monetary Authority: In November, the Hong Kong dollar's MMF supply M2 and M3 both fell by 0.8% month-on-month.
In November, the MMF supply of Hong Kong dollars for M2 and M3 both fell by 0.8%, compared to an increase of 2.3% and 2.4% respectively from the same period last year.
Hong Kong's Export, Import Values Jump in November
