Rate Cut Pause and Geopolitical Risks Cloud Hong Kong Property Recovery
The US Federal Reserve's decision to maintain interest rates at 3.5% to 3.75% has prompted the Hong Kong Monetary Authority to warn of continued volatility in mortgage costs. While the city's residential sector was beginning to rebound after a three-year slump, a combination of geopolitical uncertainty and sticky inflation is forcing potential buyers into a defensive wait-and-see posture.