Hong Kong’s property market to build on gains in the Year of the Horse, agents say

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Hong Kong's property market is projected to continue its growth in the Year of the Horse, building on gains made in the Year of the Snake. Real estate agencies, including Ricacorp Properties and Midland Realty, anticipate further expansion driven by factors like lower interest rates and potential government support. The Year of the Snake saw a rebound after three years of decline, with home prices rising by 7.3 percent according to Midland Realty. Total property transactions reached approximately 87,506, valued at HK$678 billion. Ricacorp estimates 88,200 transactions valued at HK$684 billion in the Year of the Snake, representing increases of 31 and 27 percent respectively, compared to the previous year.
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