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Wheelock Ricky Wong: HKMA's Base Rate Cut Expected to Ease Mortgage/ Corporate Financing Costs
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The Fed announced another 0.25% interest rate cut, and the Hong Kong Monetary Authority (HKMA) immediately followed by lowering the base rate, Ricky Wong, Vice Chairman and Managing Director of Wheelock Properties, said. This is expected to ease mortgage and corporate financing costs, stimulate the economy, and, coupled with a booming stock market, drive the Rating and Valuation Department (RVD)'s Property Price Index to rise for five consecutive months, accelerating market entry by users and investors, promoting a positive trend in the real estate market. First-hand property transactions have exceeded 19,000 YTD, logging a new high since the implementation of new regulations. AASTOCKS Financial News Website: www.aastocks.com |
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