Property Recovery

Hong Kong's property market ended three years of decline with a strong rebound in the Year of the Snake, recording 87,506 transactions worth about US$86.8 billion. Agents expect the Year of the Horse to build on this momentum, aided by lower interest rates and potential government budget support, shifting from recovery to expansion. Derek Chan Hoi-chiu, head of research at Ricacorp Properties, anticipates firmer prices across mass, mid-market, and luxury segments.