Chen Yongjie, Vice Chairman of the Asia Pacific Region of Central Plains Real Estate and CEO of the Housing Department, said that with the recovery of the Hong Kong property market this year, the Central Plains City Leading Index, which reflects the trend of the second-hand residential property market in major housing estates, is expected to rise by about 5% throughout the year and 15% next year. This year, rents are expected to rise by about 5%, for 4 consecutive years. Chen Yongjie pointed out that due to the depreciation of the US dollar, increasing the market's incentives to buy real assets, the relevant trend is expected to continue next year. Coupled with interest rate cuts driving the “rent balance” situation, and the “wealth effect” caused by the rebound in Hong Kong stocks, all of which are beneficial to the Hong Kong property market.

Chen Yongjie, Vice Chairman of the Asia Pacific Region of Central Plains Real Estate and CEO of the Housing Department, said that with the recovery of the Hong Kong property market this year, the Central Plains City Leading Index, which reflects the trend of the second-hand residential property market in major housing estates, is expected to rise by about 5% throughout the year and 15% next year. This year, rents are expected to rise by about 5%, for 4 consecutive years. Chen Yongjie pointed out that due to the depreciation of the US dollar, increasing the market's incentives to buy real assets, the relevant trend is expected to continue next year. Coupled with interest rate cuts driving the “rent balance” situation, and the “wealth effect” caused by the rebound in Hong Kong stocks, all of which are beneficial to the Hong Kong property market.