Century 21 Hong Kong: property prices up 10% this year

Century 21 Hong Kong Chief Executive Wu Qimin said that even if the U.S. interest rate hikes this year two to three times have little effect on the property market, property prices are expected to record an increase of 8% to 10% this year. In addition, the group currently employs about 1300 people and will employ another 20% more this year. The number of branches is 120, with about 15% more branches opened this year. Century 21 Group Managing Director Yu Lizhen said that at present 10 major housing estates within 5000000 yuan plate less than 100, expected this year, the annual price of 5 million to 10 million yuan second-hand turnover accounted for, rose to 50%.