Chen Yongjie from Zhongyuan: Policy Address and Interest Rate Cut Double Boost, Predicting Hong Kong's Annual Property Prices and Rents to Rise by 5%.

According to the Securities Times APP, the latest interest rate meeting of the Federal Reserve announced a 0.25% rate cut, with the federal funds rate dropping to between 4% and 4.25%. Tony Chan, Vice President of Central China Property Asia Pacific and President of the Residential Department, stated that in recent months, the property market in Hong Kong has gradually warmed up, coupled with the policy address and the interest rate cut, it is expected that the volume of both first-hand and second-hand transactions in the fourth quarter will increase by 30% seasonally, and the forecast for property prices and rents for the whole year will increase by 5%.