Midland Realty: Hong Kong property market recovery momentum is solid, maintains full-year home price growth forecast of 15%

Zhito Finance APP has learned that Ma Taiyang, Chief Executive Officer of Midland Holdings (01200.HK) and Executive Director of Midland Realty, stated that neither Hong Kong's first "Five-Year Plan" nor the new "Policy Address" released yesterday devoted significant attention to private residential measures, reflecting that the Hong Kong government believes the current property market has entered a healthy recovery track and has chosen to adopt a less interventionist strategy to let the market adjust on its own. Ma Taiyang believes that the current recovery momentum in Hong Kong's property market is solid, and short-term fluctuations in interest rates are not expected to have a major impact on medium- to long-term property prices. In addition, Hong Kong's improving economy, ample liquidity, rising rents, population growth, and declining inventory are all favorable to the property market, so he maintains his forecast of a 15% increase in property prices for the full year. However, the market still needs to closely monitor the U.S. Federal Reserve's stance on interest rate trends going forward, especially the magnitude and pace of future rate hikes.