Lai Fang: Fed rate cut eases pressure on Hong Kong property market, significant price rebound still needs time.

According to the Wisdom Finance APP, Wang Zhaoqi, senior director of the research and consulting department of Colliers International in Greater China, stated that the United States announced a 0.25% interest rate cut in September, and is expected to cut interest rates by another 0.25% later this year. The impact of the high interest rate environment on the Hong Kong property market will gradually slow down. However, as there has been a certain increase since 2022, the market needs time to release purchasing power. In the short term, the market still lacks sufficient buying power, but it is believed that property prices will bottom out in 2025.