Vanke Hong Kong's Managing Director, Zhou Mingxi, expressed a positive outlook on the Hong Kong property market for next year, predicting that property prices will fluctuate between 5% and 8%. He believes that recent government policies and local Banks reducing interest rates will help unleash market purchasing power, attracting buyers looking to upgrade their homes as well as investors.
Vanke Hong Kong stated that its focus for next year will be the Tai Po Ma Wo Road project, which will offer 1,650 Residence units, primarily featuring one-bedroom and two-bedroom apartments. The project will be launched in three phases, with the first two phases involving a total of 1,080 units, expected to be released in the first half of next year. Additionally, the company plans to launch the Sha Tin Hin Wo Li cooperative project and the Ngau Tau Kok redevelopment project, aiming to meet market demand for small to medium-sized units.