Since the border reopening , local economic and property market have gradually recovered, private property index rose about 7.3% in the first quarter. Ranking and Valuation Department also declared the property index gained 3.3% in the first two months of this year. As expected, the index would rise 1.5% more in March. In consequence, the acuminated gain of this index would increase about 4.8% in total. Based on this trend, the experts estimated the property prices will add another 5 to 7% in the second quarter.
If the experts' estimation are accurate, property prices will rebound by 10 to 15% in the first two quarters, and the total gain of the property prices are expected to recover from the cumulative loss in the last year. At present, the positive news is gradually emerging, and the pace of interest rate hike in the United States has slowed down, which will have a constructive effect on the Hong Kong property market. In addition, the newly protection law of guaranteeing the handover unfurnished first-hand residential projects has stabilized China property market. Moreover, it also has an incidentally stabilized effect on the Hong Kong property market.
After the border reopening of 
Macau, Hong Kong's neighboring city, gambling revenues have returned to 70% of the pre-lockdown level, of which about 40% of its revenues are from Hong Kong visitors, which prove that Hong Kong people still have strong spending power, if there is an appropriate policy, Hong Kong people will gradually strengthen their consumption in Hong Kong.
The pace of recovery in Hong Kong is relatively slow compared to that of Macau, it is mainly because Hong Kong government still has no special policies to attract China and foreign tourists, so business and pure tourism activities have not fully resumed. If so, the relevant departments should re-examine the relevant policies.
In the second half of this year, the global economy is still full of uncertainties, and if there is no massive political and economic turmoil, Hong Kong's economy and property market will continue to recover, so the experts estimated that property prices will rise by 3 to 5% in the second half of the year. Furthermore, the estimate of the peak of immigration tide will gradually slowdown from next year, and coupled with the government's continuous efforts to increase the import of talents, it is anticipated that the Hong Kong government's fiscal revenue will gradually stabilize starting from next year.
