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<HK Home>Midland Forecasts Home Prices to Rise by Up to 15% Next Yr; Primary Mkt Deals May Hit New High
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Midland Group's CEO (Residential), Dave Ma, forecast that the overall property market of Hong Kong will be driven by six favorable factors, including interest rate cuts, wealth effects, economic growth, favorable policies, rising rents, and reduced inventory. He expected that the property market will continue to improve next year, further “rising in both volume and price”, with property prices expected to continue this year's rebound trend, up approximately 10-15% for the year. Primary market transactions are projected to grow about 5% YoY to 21,000, setting an all-time high. The secondary market transactions are estimated to reach about 50,000, a five-year high, up about 9% YoY, driving the total residential transaction volume for the year to record about 71,000, representing the first consecutive four-year increase on record. AASTOCKS Financial News Website: www.aastocks.com |
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