Wong Pun-tai: Positive fundamentals for property market, upbeat outlook ahead

Wong Pun-tai said Hong Kong's property market has positive fundamentals, while policies are favourable to Hong Kong's long-term economic development, bringing positive support to the property market. Historical data show that property prices do not necessarily trend downward during US rate-hike cycles, even though the market is concerned that a US rate hike in the fourth quarter will weigh on Hong Kong's property market.