Hong Kong’s Housing Sector Is Bottoming Out, Morgan Stanley Says

Hong Kong’s Housing Sector Is Bottoming Out, Morgan Stanley Says

Hong Kong’s residential property market is poised for a recovery after enduring a seven-year downturn, according to Morgan Stanley.

Home prices in the city are set to bottom out, driven by an influx of mainland Chinese buyers, improved capital markets and a recent plunge in interest rates, analysts led by Praveen Choudhary said in a report dated June 19.

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