Liu Wai-Keung: Property Prices and Rents Rebound in Tandem as Market Wait-and-See Mood Fades

Liu Wai-Keung points out that the US Federal Reserve keeping interest rates unchanged is positive news for Hong Kong's property market, as prospective buyers need not face immediate rate-hike pressure and have more time to prepare their repayment arrangements. He mentions that homebuying confidence has been gradually recovering in recent months, with property prices and rents rebounding in tandem and the market's wait-and-see mood fading; the Fed's next rate-setting meeting will be held in December, when whether rates will be raised again remains unknown.