Residential buildings in Hong Kong, China on October 23, 2023.
He doesn't expect the move to reverse downward trend in Hong Kong's property prices as interest rates remain high.
He expects the policy address will give property prices "a chance to stabilize" and for volumes to pick up.
HIBOR refers to the interest rate for interbank borrowing, while prime rate is determined by individual banks.
Risks for Hong Kong property
Persons:
Vernon Yuen, John Lee, Ken Yeung, Buggle Lau, KC Mok, Mok, Kitty Yiu, Yiu, Eugene Law, Law
Organizations:
Getty, Hong, Midland Realty, CNBC, Hong Kong
Locations:
Hong Kong, China, Hong