Standard & Poor's pointed out in the report that after a nearly 30% decline from the peak in 2021, Hong Kong's housing prices are expected to stabilize next year. The upward adjustment in the forecast of residential sales is attributed to the decrease in mortgage interest rates and the market-boosting measures taken by the Hong Kong government. It is estimated that the sales volume of first-hand properties in 2025 will reach 20,000 units. The potential new supply in the next three to four years may exceed 80% of the Hong Kong government's 10-year private residential supply target. Developers are expected to be willing to sacrifice more profit margins to reduce inventory.