Rating agency Standard & Poor's released a report, predicting that after a nearly 30% decline from the peak in 2021, Hong Kong property prices are expected to stabilize next year. However, local developers are still struggling, mainly due to high inventory levels, and booking residential projects at high land prices during the peak period will further pressure profit margins.

However, Standard & Poor's believes that with the government relaxing property market measures and interest rates declining, the forecast for new home sales volume next year has been raised to 0.02 million units. In addition, Standard & Poor's expects that the future three to four years may see new supply exceeding 80% of the government's ten-year private residential supply target.