Cheung Kee Kwok Tsz Wai: The Hong Kong property market will enter an upward cycle this year, and new projects and recently established residential estates are expected to lead the market.

Chang's Chief Manager, Guo Ziwei, holds a clear optimistic attitude towards the Hong Kong property market. He stated that overall, the Hong Kong property market will enter a clear upward cycle this year, with new projects and second-hand residential estates leading the market. Guo mentioned that the driving force of Hong Kong's economic growth is firm, with a positive cycle forming between the stock market and property market, and the continual release of housing demand from high-net-worth individuals. The dividend from mainland talent policies has brought mainland buyers into the market, coupled with the "buy after leasing" effect, leading to a surge in demand for property purchases, laying a solid foundation for housing demand. With a clear global interest rate cut cycle, a US interest rate cut will directly lower mortgage costs in Hong Kong, significantly improving housing affordability. The current rental yield is at a 10-year high, and the low interest rate environment further strengthens the investment attributes of properties, effectively stimulating demand for home purchases and becoming a key catalyst for rising property prices. Furthermore, the continuous tightening of new supply in private residential properties, faster destocking in the market, and the shift from a loose to a balanced supply-demand relationship provide strong support for the upward trend in property prices. In light of the resonance of these three core factors, Guo Ziwei has raised his expectations for the property price increase from 5% to a range of 5% to 10%.