Midland Realty Expects Hong Kong Property Prices to Rise Steadily and Slightly This Quarter, With Double-Digit Full-Year Growth in Sight

Midland Realty analyst Shum Chung-him expects Hong Kong property prices to be steady with a slight upward trend this quarter, outperforming last quarter, with full-year prices potentially recording double-digit growth. He said developers' new-project premiums have narrowed or even turned into slight discounts, improved rental yields are attracting long-term investors into the market, and first-hand transactions this month may again challenge 2,000 cases. The market widely expects the US Federal Reserve to keep interest rates unchanged this month, with the rate-hike cycle having a relatively small impact on Hong Kong's property market.