Zhongyuan Shi Yongqing: It is expected that Hong Kong property prices will maintain an overall increase of approximately 20% for the whole year.

On June 1st, Shi Yongqing, the founder of Central Holdings group, attended an event and said that currently investors are continuously entering the Hong Kong property market, and the overall market operation may not be completely rational. He believes that the current property market is experiencing a slight overheating situation, but it is not considered pathological. One reason for this is that earlier property prices experienced a significant decline. He maintains his forecast that the property prices for the whole year are expected to increase by around 20%. He mentioned that the increase in property prices this year is faster than what the market generally expected. Initially estimated at a 15% increase for the whole year, it is now expected to reach a 20% increase. In the second half of the year, property prices will continue to rise, but not as rapidly as in the first half, mainly due to the nature of "closing the gap." He also believes that the Hong Kong government's fiscal deficit has just shown signs of improvement, and the market is not in a pathological state, so there are no plans to introduce drastic measures to curb the property market. However, he believes that property prices should not rise too rapidly for market digestion.