Property market, of course, the big players are developers, in 1997 when the Asian financial crisis, developers are not stingy to split prices, and even exceptionally pay commissions for agents to bulk, agents of first-hand sales business, is also from that era.

On the contrary, this time, although the boss of the leading agents keep advocating that developers should sell their properties at a lower price, many developers are unusually united, preferring to accumulate to more than 15,000 units, rather than a significant price reduction.

The U.S. Federal Reserve's Powell said last week that it would slow down the pace of interest rate hikes, and the market estimates that the U.S. will raise interest rates by 1% next year to reach the top.

When the United States really enter a recession next year, 2024 and is expected to reduce interest rates to promote economic recovery.

The domestic epidemic prevention policy has a great impact on Hong Kong as an agent, both talents and capital are difficult to enter the market, as a result, the property market and stock market are in a pool of stagnant water.

Recently, it seems that the domestic epidemic prevention policy is changing, and we must pay attention to the development trend.

Once normalcy is restored, Hong Kong's economy will be active again.

Immigrants selling properties is one of the main reasons for the price split, but colleagues selling overseas properties have reflected that most immigrants have already left Hong Kong and the peak period has passed, so you can imagine that this pressure will also become less and less.

On the contrary, the domestic talent will be more convenient to Hong Kong with the change of anti-epidemic policy, residential and investment demand will also be quickly in place, the author estimated that the impact of immigration can be made up.

The positive factors of the property market still need time to ferment, coupled with the end of the year and bumped into the World Cup, good news will be recognized and confirmed by the market one after another after the Chinese New Year.

Since the high level will have a 15%-20% drop, touching the nerve of the government, the chance of withdrawing the spicy tax is quite large.

It is also imperative to reintroduce investment immigration to fill the brain drain. If home ownership is also included in the investment plan, it will definitely bring back the momentum of the property market.

It is estimated that in the spring of next year, under the stimulation of a number of good news, the property market can get rid of the current pessimism, back to more normal market conditions.