Chen Maobo: After a normal correction, the Hong Kong property market has stabilized, and the government will adjust its land sales policy accordingly.

According to the Wisdom Financial APP, Hong Kong financial secretary Paul Chan Mo-po said in an interview that the Hong Kong property market has adjusted by 28% from its historical high in September 2021 to April this year, which is considered to be a well-ordered adjustment without causing panic or systemic risks. Currently, interest rates are stable and trending downwards, with funds flowing into Hong Kong, making the banking system very liquid. As a result, mortgage rates have also been lowered. He described the property market as being "stable" at its current level.