Finance chief points to prospect of interest-rate cut cycle, saying: ‘when people feel more confident, they are more willing to spend’
The minister added that property prices had also stabilised, prompting more applications for land premium payments and construction projects recently. He noted that the recent positive sales of new homes had digested part of the stock of unsold completed flats.
“Besides, the rate cut has begun. When people see a clearer prospect of the rate cut cycle and feel confident, the lived-in home market will be revitalised. The market sentiments will improve,” Chan told a radio show.
“Under such circumstances, when people feel more confident, they are more willing to spend.”
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