Link REIT has completed the renovation of the third floor of the Shaumopin shopping mall, with an expected ROI of nearly 20%.
Link Reit (00823.HK) recently completed the renovation of the third floor of the Shum Mong Plaza, marking the group's 100th asset enhancement project in Hong Kong. Luo Xinqi, the asset management director of Link Reit Hong Kong, indicated that the project involved a capital expenditure of 55 million yuan, with an expected roi of 19.9%. She added that the current occupancy rate of Shum Mong Plaza exceeds 98%, and merchants are quite satisfied with their turnover performance. Luo Xinqi mentioned that the asset enhancement project primarily involved re-planning the space on the third floor of Shum Mong Plaza, adding six restaurants, which increases the total number of dining establishments in the plaza to over 28, raising the proportion of floor area to approximately 35%, and
Eased Visa Policy for Shenzhen Residents May Boost Hong Kong Developers -- Market Talk
Starting this Sunday, Shenzhen will resume the "one permit, multiple trips" travel to Hong Kong.
Approved by the State Council, Shenzhen will implement the "one visa, multiple travels" policy for traveling to Hong Kong, and Zhuhai will implement the "one-week-one-trip" policy for traveling to Macau. In the Hengqin Guangdong-Macao Deep Cooperation Zone, the "one visa, multiple travels" policy for traveling to Macau will be implemented. Starting from December 1, 2024, Shenzhen residents and holders of residence permits can apply for a visa for traveling to Hong Kong with multiple entries within a year, with no limit on the number of trips to the Hong Kong area, staying in Hong Kong for up to 7 days each time. Starting from January 1, 2025, Zhuhai residents can apply for a visa for traveling to Macau with one trip per week, allowing visits to Macau once every natural week within a year.
Link REIT (00823) will distribute a mid-term dividend of 1.3489 Hong Kong dollars per unit on December 27.
Link reit (00823) announced that the fund will distribute a mid-term dividend on December 27, 2024.
LINK REIT: Interim Report 2024/2025
According to bocom intl, it is expected that the mainland housing market will stop declining and stabilize next year, with a moderate recovery for property companies. Property prices in Hong Kong and small buildings are projected to rise.
Bocom intl released a research report indicating that the overall sentiment for purchasing properties in the domestic real estate market is expected to continue its moderate recovery in 2025, with a recovery in the industry's fundamentals; a decrease in supply in the primary market will alleviate the pressure on developers to lower prices, and primary property prices are expected to stabilize at current levels. It is believed that next year, the transaction area is likely to increase by 15% year-on-year. The bank noted that the market is stabilizing, and if the sales trend in October continues until after the Lunar New Year next year, it will help more real estate companies to achieve financial and fundamental "stop decline and stabilize." The bank provided its preference ranking, starting with state-owned enterprises or developers with state-owned enterprise backgrounds that are not highly valued, followed by those with land in first and second-tier cities.