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Daily Real Estate Industry News Summary (2024-12-20)
Recently, after several regions officially announced that commodity housing will be priced based on usable area, "cancellation of shared area" has once again become a trending keyword.
'Property Market to Pick up Next Year'
MIDLAND HOLDING: Hong Kong property prices are expected to "counterattack" next year, with an estimated increase of around 5%.
MIDLAND HOLDING expects that next year Hong Kong property prices are likely to "rebound," reversing a three-year decline, with an increase of about 5%, and rents rising another 6%.
Daily summary of Real Estate Industry news (2024-12-19)
On December 17, Zhangjiakou City in Hebei issued a policy to encourage the implementation of "direct sales of existing properties," gradually advancing the "cancellation of public space allocation"; previously, Hengyang City in Hunan clarified that the sales of commercial housing are priced based on the usable area, and currently the "cancellation of public space allocation" is beginning to take effect in multiple locations.
J.P. Morgan's investment ratings and Target Prices for Hong Kong real estate stocks and Banks (table).
JPMorgan published a research report, listing the investment ratings and Target Prices for local property stocks as follows: Stock | Investment Rating | Target Price (HKD) SHK PPT (00016.HK) | Neutral | 70 HKD CK ASSET (01113.HK) | Neutral | 32 HKD HANG CHI PROPERTY (00012.HK) | Shareholding | 25 HKD SINO LAND (00083.HK) | Shareholding | 10 HKD NEW WORLD DEV (00017.HK) | Shareholding | 5.6 HKD SWIREPROPERTIES (01972.HK) | Shareholding.
Hong Kong Stock Movements | Hong Kong Property Stocks decline as the Federal Reserve implements a "hawkish rate cut". Morgan Stanley anticipates that Hong Kong's property market will still face challenges next year.
Hong Kong Property Stocks declined. As of the time of publication, LINK REIT (00823) fell by 2.55%, trading at 32.45 HKD; SHK PPT (00016) decreased by 2.23%, at 72.3 HKD; HENDERSON LAND (00012) dropped by 2.07%, at 23.6 HKD.
