1. people gain from stock market afraid of recent drops so move their money from stock market to property market which is comparatively safer.
2. US rate drops as HKD links with USD, HK rate drops as predicted. During inflation period, rate drops enhance further investment and also benefits home loan repayment as interest becomes less. burden drops.
I think the flat price will rise but controlled in some high price area where demand is still hot and return is high. Like mid levels, HK island and some luxy new flats.
some new flats dun have the potential to sustain is getting a high price now but will flatter afterwards.