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Hong Kong home prices forecast to rise 15% this year

Hong Kong's home prices are projected to increase by 15% by the end of the year, according to a forecast by local property agency Midland Realty. This rise is anticipated despite ongoing market uncertainties, driven by an acceleration in new property launches and a return of buyers. The agency's CEO, Dave Ma Tai-yeung, noted that improved market sentiment and stabilizing transaction volumes in both first-hand and second-hand markets support this optimistic outlook. Furthermore, Midland Realty believes Hong Kong banks are unlikely to mirror any potential US Federal Reserve interest rate hikes this year, which could further bolster the property market. AI

RANK_REASON The item is a forecast from a property agency, not a primary event.

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Hong Kong home prices forecast to rise 15% this year

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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Chris Tsang ·

    Hong Kong home prices headed for 15% gain this year, Midland forecast says

    Hong Kong’s home prices will end the year 15 per cent higher than a year earlier, but still 16 per cent below their high-water mark in 2021, according to local property agency Midland Realty. Underpinning the positive forecast, the city’s banks were not likely to follow an increa…