Hong Kong Economic Outlook for 2024: GDP Growth Forecast and Property Regulation Updates

Wednesday, 28 February 2024, 04:07
The latest projections indicate that Hong Kong's GDP is anticipated to grow between 2.5% and 3.5% in 2024, despite recent changes in property tightening measures. The past year saw a significant 20% decline in housing prices from their peak in 2021, reflecting the impact of market sentiment on the real estate sector. Despite challenges, the economic outlook remains cautiously optimistic for Hong Kong.
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Hong Kong Economic Outlook for 2024: GDP Growth Forecast and Property Regulation Updates

Hong Kong GDP and Property Market Update

Hong Kong is witnessing changes in its property market dynamics, with a notable shift in housing prices. The relentless fall in prices, around 20% from the peak in 2021, underscores the fragile sentiment prevailing in the market.

GDP Growth Forecast

The economic forecast for Hong Kong in 2024 remains positive, with growth expected to range between 2.5% and 3.5%. Despite uncertainties, the outlook reflects resilience in the face of evolving market conditions.

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