Hong Kong's Jobless Rate Remains at 3.1% in Q4
Hong Kong Monetary Authority: The composite interest rate at the end of December 2024 is 2.24%, an increase of 4 basis points month-on-month.
On January 17, the Hong Kong Monetary Authority announced the comprehensive interest rate for the end of December 2024.
The Hong Kong dollar interbank offered rates generally declined, falling for six consecutive days in one month.
On January 15, the Hong Kong dollar interbank offered rates generally fell, with the overnight rate dropping to 2.91417%, the lowest since September 17 of last year, while the one-month interest rate related to mortgages also fell for six consecutive days, reported at 3.93268%, the lowest since September 23 of last year.
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.
