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<HK Home>Shih Wing Ching Forecasts HK Home Prices to Snap Losing Streak Highly Likely
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Shih Wing Ching, Founder of Centaline Group, upheld his forecast of a 5% drop in property prices in Hong Kong for the whole year, citing the increases in 2Q24 and the outlook for 4Q24 will not be enough to compensate the decreases in 1Q24 and 3Q24. As the US started to reduce interest rates later than expected, property prices are not forecast to rise hugely until 2025. He pointed out that the current rebound in primary property transactions indicates that developers will tweak their sales strategies, with relatively high odds that property prices will snap falling trend and stabilize. AAStocks Financial News |
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