Group 1 - The core viewpoint is that Hong Kong's economic activity is expected to recover faster next year, but the growth rate will slightly slow down due to a higher base, with GDP growth forecasted at 2.2% in the first half and accelerating to 2.9% in the second half, resulting in an annual growth of 2.5% [1] Group 2 - Citigroup anticipates that further interest rate cuts by the Federal Reserve next year will help keep HIBOR at low levels, supporting a 3% increase in Hong Kong residential prices, while commercial properties will continue to face pressure [3] - The Hang Seng Index is predicted to rise to 27,500 points by mid-next year and potentially reach 28,800 points by the end of the year [3] - Two major risk factors identified are ongoing geopolitical uncertainties and the accelerated integration between Hong Kong and mainland China, which could lead to increased industry competition, particularly impacting small and medium enterprises and the food and beverage sector with noticeable operational and profit pressures [3]

Core Viewpoint - The Federal Reserve has once again cut interest rates, prompting major banks in Hong Kong to follow suit with a reduction of 0.125%, bringing the Hong Kong best lending rate (P) down to 5%-5.25% [1] Group 1: Market Predictions - Hong Kong Property has revised its forecast for new residential transactions in 2023 to 19,000 units, marking the highest level since the implementation of the "Residential Property Sale Regulations" in 2013 [1] - The forecast for second-hand residential transactions has also been increased to 45,000 units, representing a four-year high [1] - Hong Kong property prices are expected to show low single-digit growth, reversing the downward trend observed over the past three years [1] Group 2: Consumer Sentiment - A recent survey conducted by Hong Kong Property collected 327 valid responses regarding consumer property purchasing intentions [1] - The survey results indicate that 56% of respondents are considering entering the market within the next 12 months, the highest level in three quarters and the fourth highest since the second quarter of 2016 [1] - Approximately 44% of respondents stated they are not currently considering entering the market [1]