Beijing Intelligence: Hong Kong's Interest Rate Cut Pushes the Real Estate Market to "Stabilize Prices and Increase Sales".

According to the Wise Finance APP, Ma Tai-yang, executive president of Melian Group (residential), pointed out that the Federal Reserve, as expected by the market, maintained interest rates unchanged, and major banks in Hong Kong also maintained their most favorable rates unchanged, with no significant changes in overall interest rates. However, since May, the Hong Kong Interbank Offered Rate has fallen sharply in the past month, leading to a significant decrease in the HIBOR rate. With today's HIBOR rate at 1.03%, the HIBOR rate is 2.33% (calculated as H+1.3%), which is more than a 1% cut from the ceiling of 3.5%. This not only reduces the burden on property owners, but also drives the demand for "rent to buy" and long-term investments as rental prices continue to rise. Furthermore, with the positive news of Hong Kong stocks performing well, the Hang Seng Index has risen by more than 20% so far this year, and with high levels of potential private housing supply decreasing, these factors support the Hong Kong property market entering a phase of "stable prices and increasing sales volume."