Hong Kong home prices headed for 15% gain this year, Midland forecast says

Hong Kong’s home prices will end the year 15 per cent higher than a year earlier, but still 16 per cent below their high-water mark in 2021, according to local property agency Midland Realty. Underpinning the positive forecast, the city’s banks were not likely to follow an increase in US interest rates by the Federal Reserve if one occurred this year, executives from the agency said at a press conference on Thursday. Dave Ma Tai-yeung, CEO of Midland (Residential), said that as the market...