Alva To, vice-president and head of consulting for Greater China at Cushman & Wakefield, expects property prices to fall by less than 10 percent in the first half. He said home transactions increased over the past week after homeowners cut asking prices, and he believes that home prices have found their supporting levels in the low-interest-rate environment. The fixed-rate mortgage loans pilot scheme has failed to stir the market due to the latest interest rate cut by the US Federal Reserve, To said. But he believes the scheme benefits homebuyers in the long term as it reduces the risks of interest rate fluctuations. In the investment property market, Tom Ko, executive director of capital markets at Cushman & Wakefield Hong Kong, expects hotel property transactions to increase in the second quarter.

Source: The Standard March 11, 2020 07:21 UTC