Survey: 62.4% of Hong Kong surveyed residents are pessimistic about property prices in the next year, an increase of approximately 4 percentage points compared to the previous quarter.

According to the Finance and Economics APP, in order to understand the property intentions of residents, Hong Kong Property conducted the second quarter property intention survey in May and successfully collected more than 300 valid questionnaires. The survey shows that about 62.4% of respondents are bearish on the property market, believing that property prices in Hong Kong will fall in the next 12 months, an increase of about 4 percentage points from the previous quarter's 58.4%, and an increase for two consecutive quarters, reflecting that some residents are still pessimistic about the property market trends. The remaining approximately 37.6% of respondents expect property prices in Hong Kong to stabilize and improve in the next 12 months.