Ma Taiyang, CEO of Midland Group and executive director of Midland Properties, said that neither of the two documents of Hong Kong's first “Five-Year Plan” and the new “Policy Address” announced yesterday focused on private housing measures, reflecting that the Hong Kong government believes that the property market has now entered a healthy recovery path and has chosen to adopt a less intervention strategy to allow the market to adjust on its own. Ma Taiyang believes that at present, the Hong Kong property market is recovering steadily, and short-term fluctuations in interest rates are not expected to have much impact on medium- to long-term property prices. In addition, Hong Kong's positive economy, abundant capital, rising rents, population growth, and reduced inventory are all beneficial to the property market, so the forecast of a 15% increase in property prices throughout the year is maintained. However, in the future, the market still needs to pay close attention to the US Federal Reserve's attitude on interest rate trends, especially the extent and speed of future interest rate hikes.

Ma Taiyang, CEO of Midland Group and executive director of Midland Properties, said that neither of the two documents of Hong Kong's first “Five-Year Plan” and the new “Policy Address” announced yesterday focused on private housing measures, reflecting that the Hong Kong government believes that the property market has now entered a healthy recovery path and has chosen to adopt a less intervention strategy to allow the market to adjust on its own. Ma Taiyang believes that at present, the Hong Kong property market is recovering steadily, and short-term fluctuations in interest rates are not expected to have much impact on medium- to long-term property prices. In addition, Hong Kong's positive economy, abundant capital, rising rents, population growth, and reduced inventory are all beneficial to the property market, so the forecast of a 15% increase in property prices throughout the year is maintained. However, in the future, the market still needs to pay close attention to the US Federal Reserve's attitude on interest rate trends, especially the extent and speed of future interest rate hikes.