Hong Kong real estate stocks generally rose. As of press release, Henderson Land (00012) rose 4.55% to HK$23; Changshi Group (01113) rose 2.93% to HK$36.85; and New World Development (00017) rose 2.61% to HK$9.04.
The Zhitong Finance App learned that Hong Kong real estate stocks generally rose. As of press release, Henderson Land (00012) rose 4.55% to HK$23; Changshi Group (01113) rose 2.93% to HK$36.85; New World Development (00017) rose 2.61% to HK$9.04; and Sino Real Estate (00083) rose 1.48% to HK$8.24.
According to the news, Chen Guangming, director of Hong Kong Midland Properties, said at a press conference on March 20 that the sales situation of new listings was intense after the “withdrawal”. It is expected that Hong Kong will sell about 4,500 first-hand transactions throughout the month, which will reach a new high since November 1998. In addition, Hong Kong's Central Plains Real Estate data also shows that since March, Hong Kong has sold more than 2,000 first-hand new homes. It is expected that 4,000 to 5,000 units will be sold in March, which is expected to hit a new high after November 1998. Among them, the number of inquiries from mainland buyers about buying properties in Hong Kong has increased 40 to 50 times.
Motong Daikon recently released a research report saying that it is expected that in the next one to two months, property market transactions may remain at a relatively high level. Among them, first-hand transactions have performed well because developers are more active in launching new listings and providing more attractive discounts. Compared with second-hand trading, second-hand transactions will slow down faster. The bank also said that buyers from mainland China are more likely to choose new listings, which is also one of the main reasons. It predicts that property prices may stabilize in the short term, but due to the high level of new supply inventory, property prices may weaken again in the future.