Property industry experts: Hong Kong property prices expected to increase by 5% in the second half of the year, while rentals are expected to rise by a further 3%.

According to the Zhitong Finance and Economics APP, Lio Weiqiang, the President of Lijia Ge Real Estate, expressed optimism about the Hong Kong property market in the second half of the year. The total number of transactions for first and second-hand private residences has increased to 30,000, including those benefiting from the influx of funds into Hong Kong and expectations of further interest rate cuts, driving demand for home purchases and investments. Despite the trade war in the first half of the year, overall trading volume in the local property market in Hong Kong has not decreased but increased. However, property prices remain under pressure, although there has been a slight easing month-on-month. Lio Weiqiang is optimistic about the residential market in the second half of the year and confident that both transaction volume and prices will rise.