According to a research report published by Goldman Sachs, residential sales in Hong Kong continued to weaken and stabilized at a low level for the past two to three months, from a 42% year-on-year increase in the first half of the year to a 26% year-on-year decline. However, property prices are still resilient, with a cumulative increase of about 12.5% since the beginning of the year; the recovery in the office market has begun to expand to non-core regions, including Admiralty and Hong Kong Island East, while retail rents have stabilized since June. The market is concerned about the impact of higher US interest rates on the Hong Kong property market. Goldman Sachs believes that there is still plenty of liquidity in the Hong Kong market, and bank deposit balances have been growing steadily by about 10% year over year. It is expected that the rise in property prices will slow down throughout the year, maintaining the 15% forecast for this year's property price increase. The bank has positive views on real estate stocks, leased shares, banking and financial sector stock selections, including Henderson Land, Sun Hung Kai Properties, Swire Properties, HSBC Holdings, Standard Chartered, Hong Kong Stock Exchange, etc.

According to a research report published by Goldman Sachs, residential sales in Hong Kong continued to weaken and stabilized at a low level for the past two to three months, from a 42% year-on-year increase in the first half of the year to a 26% year-on-year decline. However, property prices are still resilient, with a cumulative increase of about 12.5% since the beginning of the year; the recovery in the office market has begun to expand to non-core regions, including Admiralty and Hong Kong Island East, while retail rents have stabilized since June. The market is concerned about the impact of higher US interest rates on the Hong Kong property market. Goldman Sachs believes that there is still plenty of liquidity in the Hong Kong market, and bank deposit balances have been growing steadily by about 10% year over year. It is expected that the rise in property prices will slow down throughout the year, maintaining the 15% forecast for this year's property price increase. The bank has positive views on real estate stocks, leased shares, banking and financial sector stock selections, including Henderson Land, Sun Hung Kai Properties, Swire Properties, HSBC Holdings, Standard Chartered, Hong Kong Stock Exchange, etc.