Jafu Ray: Hong Kong borrowing costs decline, real estate market may have hit bottom

The Chitong Finance APP learned that Jufu Ray stated that as Hong Kong interest rates continue to decline, the possibility of the residential real estate market hitting bottom is increasing. In the past four days, the one-month Hong Kong Interbank Offered Rate (Hibor) has dropped significantly by 205 basis points. This is undoubtedly a glimmer of hope for the real estate market that has been hit hard by high interest rates and plummeting housing prices.