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HSBC Research on "Dah Sing": Potential storage cost turning positive may help stabilize the property market, expecting a fifty percent increase in property prices next year.
HSBC Research's research report indicates that investors should focus on companies with profit recovery potential and those that may shift business strategies. With the increase in residential rents, the potential recovery of holding costs will benefit the demand for property ownership, and may also help stabilize the property market in unfavorable economic conditions. The bank predicts that property prices will stabilize in the second half of the year, rise by 5% next year, noting that prices have fallen by 6% from the beginning of the year and have seen moderate increases for five consecutive weeks. The bank is bullish on Sun Hung Kai Properties (00016.HK) and Kerry Properties (00683.HK) among many developers, with target prices of HK$116 and HK$19.6 respectively, both rated as 'buy'.
Standard & Poor's expects that Hong Kong property prices will stabilize next year, raising the sales volume forecast for new projects to 0.02 million units.
Rating agency Standard & Poor's released a report stating that after a nearly 30% decline in high Hong Kong property prices in 2021, they are expected to stabilize next year. However, local developers are still struggling, mainly due to high inventory, and the recognition of residential projects purchased during the period of high land prices will further pressure profit margins. Nevertheless, Standard & Poor's believes that with the government relaxing housing market measures and interest rates trending downwards, they have revised their forecast for next year's new home sales volume to 0.02 million units. In addition, Standard & Poor's expects that the future three to four years' new supply may exceed 80% of the government's ten-year private residential supply target.
Express News | UBS Group: The larger-than-expected reduction in the most favorable interest rates of Hong Kong banks should support recent real estate transactions.
Express News | Standard & Poor's has raised its forecast for the residential sales volume in Hong Kong in 2025, expecting housing prices to stabilize.
UBS Group: The degree of interest rate reduction is greater than expected, which should support the recent property market transactions. Henderson Land Development (00012.HK), Kerry Properties (00683.HK), and Sun Hung Kai Properties (00016.HK) will benefi
UBS Group released a report stating that local banks in Hong Kong have once again lowered the prime rate by 25 basis points, from 5.625% to 5.375%, a larger decrease than the expected 12.5 basis points, which is seen as a positive surprise for the Hong Kong property market. The latest mortgage interest rate for new properties will decrease from 3.88% to 3.63%, achieving a neutral interest spread when compared to the latest rental yield of 3.6%. The bank expects the residential property market to enter a positive interest rate differential early next year. However, after the U.S. presidential election, the market lowered its expectations for rate cuts by the Federal Reserve. UBS Group anticipates that the larger-than-expected decrease in the prime rate should support recent property market trading activities.
The Double Coast I in Kai Tak of Hong Lou recorded a continuous series of transactions, with the top ten estates transactions increasing weekly on the weekend.
Last weekend, there were no new properties launched in Hong Kong, with primary market transactions mainly involving remaining stock. The secondary market benefited from interest rate cuts, with the top ten housing estates seeing weekly increases in transactions. Agents expect that second-hand transactions will further accelerate. Under Henderson Land Development's (00683.HK) flag, Kai Tak's current project DOUBLE COAST I recorded consecutive transactions yesterday. Both units are one-bedroom (with open kitchen) layouts, with practical areas ranging from 320 to 324 square feet, selling prices from 5.503 million to 5.559 million yuan, and prices ranging from 16,985 to 17,372 yuan per square foot. Kerry Properties' development "T" in Kowloon Mid-Levels recorded transactions last Saturday (9th).
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