Lee Garden: Hong Kong dollar interest rate decline attracts buyers to enter the market, Hong Kong second-hand residential market may rebound in June.

According to the Wisdom Finance and Economics APP, Chen Haichao, head of the research department of Ricacorp Properties, stated that the performance of the second-hand residential market in Hong Kong is still slow, coupled with the continuous sale of new properties at low prices bringing in huge competition. It is expected that the turnover profit rate and average profit margin of second-hand private homes in May will continue to remain at a low level and may slightly decline. The former is expected to remain at the level of 61% with a slight soft bias, while the latter is expected to decrease slightly to 13%. Ricacorp Properties believes that starting in mid-May, the easing of the tariff war and the continuous decline in Hong Kong dollar interest rates have stimulated the desire to enter the market, which will be favorable for the overall property market. It is expected that the relevant numbers for the turnover of second-hand private homes in June have a chance to stop falling and rebound.