CBRE: Trump's presidency has limited impact on Hong Kong property market, maintaining the forecast of a 3% increase in Hong Kong property prices in the fourth quarter.

13:58 07/11/2024

The United States said that if the pace of interest rate cuts continues in the United States, it will maintain the forecast of a 3% rebound in Hong Kong property prices in the fourth quarter; if China increases stimulus measures to revitalize the economy, there is a possibility that property prices will further rise.

The first topic of "Super Week" has finally been settled, with Trump winning the US presidential election and returning to the White House after four years. Bruce Shao-ming, Executive Director of the residential department of U.S. United Property, believes that no matter who becomes the US president, they will continue to implement "protectionist" policies and impose huge tariffs on China. Therefore, he believes that the impact of the election results on the Hong Kong property market has already been absorbed by the market. Currently, the market will focus on US economic data and interest rate decisions, as well as the latest measures to revive the economy at the 12th meeting of the 14th National People's Congress Standing Committee. He pointed out that if the pace of interest rate cuts in the United States remains unchanged, the forecast for a 3% rise in Hong Kong property prices in the fourth quarter will be maintained; if China intensifies stimulus measures to revive the economy, there is still the possibility of further price increases. Bruce Shao-ming pointed out that compared to the US presidential election, the trend of interest rates has a more significant impact on the Hong Kong property market. The market generally expects that after Trump takes office, he will accelerate the pace of interest rate cuts to stimulate economic growth. If this is true, it will be a big advantage for the Hong Kong property market, helping to further stimulate transactions and stabilize prices. It is worth noting that the 12th session of the 14th National People's Congress Standing Committee will close on November 8th, when new measures to revive the economy will be announced, which will inevitably benefit the mainland and Hong Kong property markets. When these two major positive factors are combined, they will bring new upward momentum to the Hong Kong property market, thus maintaining the forecast of a 3% rise in property prices in the fourth quarter. If the central government's stimulus to the economy exceeds market expectations, the boost to the property market is believed to be even stronger, and the pace of price increases may accelerate at that time.

The People's Bank of China has increased its gold holdings for the 15th consecutive month.

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.

The People's Bank of China has increased its gold holdings for the 15th consecutive month.

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.