The Zhitong Finance App learned that Knight Frank released the latest “Hong Kong Quarterly Market Report”. The report shows that some property markets continue to improve. Among them, the rental market is tight in supply of high-quality office buildings, active residential transactions, and increased tourist consumption, bringing support to the market. The bank expects the housing market to remain stable until the end of the year, and the increase in turnover will still lead the growth of property prices. Property prices are expected to rise 8-10% year-on-year throughout the year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.