Media365
Hongkonger Katie Chan was hoping to buy a flat to live in, and although the 37-year-old accountant was in no rush, the potential longer pause in interest rate cuts could delay her decision.
“I may only make the purchase next year and the interest rate may well be lower at that time,” she said.
Chan’s plans may not be significantly affected by a slower reduction in interest rates, but the city’s property market could see some impact, albeit a limited one, according to analysts.
In fact, a general sentiment among homebuyers to adopt a wait-and-see approach amid rising geopolitical uncertainties could dampen the recovery in the sector.
On Thursday, the US Federal Reserve kept its target rate in the range of 3.5 per cent to 3.75 per cent, after the second meeting of the Federal Open Market Committee (FOMC) this year.
