Ricacorp: Market Expects Fed to Raise Rates Next Month; Weekend Appointment Viewing Volume for 50 Benchmark Housing Estates in Hong Kong Falls 1.2%

Zhitong Finance APP has learned that Chen Haichao, head of the research department at Ricacorp Properties, said the market expects a high chance of a Federal Reserve rate hike next month, disrupting buyers' plans to enter the market and further widening the price gap between buyers and sellers. Although some owners have already lowered their asking prices, under the shadow of a rate hike, most buyers may adopt a wait-and-see approach and wait for a more suitable time to enter the market. According to estimates from data by the research department at Ricacorp Properties, a total of 1,190 groups of customers across 50 benchmark housing estates in Hong Kong booked weekend property viewings, down slightly by 1.2% from 1,205 groups last weekend and falling below the 1,200-group level.