Melia Property: Low interest rate environment continues, Hong Kong property prices will continue to rise.

According to the Wise Financial APP, Top 10 Estates of Midland Realty recorded 5 transactions this weekend, an increase of 66.7% from 3 transactions last weekend, with 10 transactions recorded during the three-day Dragon Boat Festival holiday. Vincent Cheung, Vice Chairman of Midland Realty Asia Pacific and President of Residential Division, said that the trading atmosphere in the market continued to improve, coupled with good weather this weekend, buyers were actively visiting properties. However, many residents took advantage of the long holiday to travel, and the World Cup also affected market activity. In addition, after a large number of new properties were introduced to the market earlier, listings have become scarce, causing owners to narrow their bargaining space. This has increased the difficulty for buyers to enter the market, resulting in a slight slowdown in secondary trading activities.