Property News · June 10, 2019

Lacklustre Hong Kong new home sales could be boosted by US Federal Reserve interest rate cut


A potential cut in interest rates by the US Federal Reserve in the second half of 2019 will boost sales of new homes in Hong Kong, which have suffered amid an escalating trade war between the United States and China, according to industry observers.Sales of new homes could rise by about 4 per cent to 2,500 in June, said Sammy Po, chief executive of the residential division at Hong Kong brokerage Midland Realty.“A rate cut is positive in light of the recent downbeat sentiment. There will be…

Source : South China Morning Post
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