Link REIT: Dead Mall Fears or Deep‑Value Yield at HK$35?
$LINK REIT (00823.HK)$ Link Real Estate Investment Trust has drifted back into a major decision zone, with the 23 Dec 2025 monthly chart showing price around HK$34.98, sitting right on blue support band near HK$35.60. The multi‑year slide from the 2019 peak has already cut the unit price in half, but this HK$35 area has repeatedly acted as a floor where sellers start to tire and yield‑hunters quietly step in.
S&R lines frame the battleground clearly.
The closest support is the HK$35–36 shelf itself; lose that, and the next stronger blue levels do not appear until HK$25.24 and then HK$17.73, the zones where earlier long‑term bases were built. On the upside, immediate resistance waits at HK$43.14, a level that used to be solid support during the prior uptrend and has now flipped into a “prove it” line where every rebound since 2022 has stalled. Beyond that, a higher orange band around HK$52.60 marks the point where a true trend reversal would start to resemble a full‑fledged recovery rather than just a bear‑market bounce.
Right now, Link REIT looks like a classic “value‑case pressing support.” Bulls want to see this HK$35 band continue to hold and, ideally, a monthly close back above HK$43.14 to signal that the long downtrend is giving way to a new accumulation phase. More cautious investors may prefer to wait for either a deeper reset toward HK$25–18, where the reward‑to‑risk skew improves dramatically, or for the price to reclaim HK$43 and prove that the dead‑mall narrative is finally starting to unwind.

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MoopyLaFuFu : the price moving sideways between low 34.xx to mid 35.xx for almost 5 trading weeks, after ex-date on 2dec25![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Rich Stock Trader OP MoopyLaFuFu : Most likely we can shop at $25![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
MoopyLaFuFu Rich Stock Trader OP : thanks, i ish dca down and provision for that![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
104402563 Rich Stock Trader OP : the last tine was at about 27+, which is good enough for me, i am getting ready my funds.
Rich Stock Trader OP MoopyLaFuFu :
Let’s catch that falling knife =X haha!
Rich Stock Trader OP 104402563 :
The only problem is when — can’t really calculate it. If I could, I’d open a stock fortune-teller shop. ![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
104402563 Rich Stock Trader OP : Absolutely, hope the day will come soon. all the best to you.
MoopyLaFuFu Rich Stock Trader OP : noted. some said ish this->