Cheung Kong Group (01113.HK) Guo Ziwei: Hong Kong's new home sales in the first half of the year are expected to increase by more than 30% year-on-year.

According to the Zhitong Finance APP, Guo Ziwei, the chief manager of Cheung Kong Group (01113.HK), stated that the recent decision by the Federal Reserve to maintain interest rates unchanged is in line with market expectations; the market generally anticipates two rate cuts in the second half of the year. The economic growth rate in Hong Kong in the first quarter exceeded expectations, providing a significant boost to the recovery of the Hong Kong property market. He expects that the first half of this year will see a year-on-year increase of over 30% in the sales of first-hand residential properties. With the withdrawal of cooling measures, talent policies, and the inflow of funds from the mainland, new developments have strong purchasing power; the overall property market is expected to see a simultaneous increase in volume and prices, with the most notable appreciation potential in sea view properties, high-quality properties along the subway lines, and luxury homes.