The Hong Kong Buildings Department approved 14 building plans and issued 15 entry sheets in February
The Hong Kong Buildings Department approved a total of 14 building plans in February, including 5 for Hong Kong Island, 4 for Kowloon and 5 for the New Territories; these include 9 residential and commercial developments, 2 commercial developments, and 3 community service developments.
CBRE: Progressive residential rating system has a big impact on developers with more luxury properties
The Hong Kong government mentioned earlier that it will introduce a progressive rating system for residential properties. Lin Ling, executive director of CBRE Hong Kong Valuation and Advisory Services, believes that this measure will have an impact on medium to luxury properties, and is expected to have a big impact on developers with more luxury properties.
[Hong Kong Stock Connect] The decline of New World Development (00017) widened to 5.28% in the afternoon, and the weakening profit margin prospects reduced the target price by 20%
Jinwu Financial News | New World Development (00017)'s intraday stock price weakened and the decline widened in the afternoon. As of press release, it reported HK$7.53, down 5.28%, with a turnover of HK$82.558 million. Damo said that although sales volume and property prices in the Hong Kong housing market have risen recently, New World is not the main beneficiary. The bank indicates that the company's dividend payment capital is not provided by recurring profit, and the annualized dividend ratio is still lower than that of peers. The bank continued that New World's exposure to the Hong Kong property market is small, and its Hong Kong residential development business accounts for about 15% of the Group's total asset value (GAV), which is lower than the industry average of 2
Australia, China, India May Cut Rates Even If Fed Doesn't
The central banks of Australia, China, India, Korea and Thailand may decouple from the Fed and cut rates even if the U.S. central bank stands pat this year, Nomura analysts say in a note. The APAC cen
China's Economy Expected To Surge 5.3% This Year, Fueled By Property Sector Stabilization And Regional Growth: AMRO
The ASEAN+3 Macroeconomic Research Office (AMRO) anticipates China's economy to expand by 5.3% this year, bolstered by the stabilizing property sector and improving external demand.What Happened: AMRO
China's Service Economy Expands Further, Adding to Signs of Recovery
A private gauge of China's services activities notched a 15th straight month of growth, adding to signs of green shoots in the world's second-largest economy as government stimulus measures kick in.
Hong Kong real estate shares partially rose, and after Henderson Land (00012) rose 3.14% and “withdrew”, first-hand housing market transactions hit an 11-year high in March
Jinwu Financial News | Hong Kong real estate stocks rose in part. Henderson Land (00012) rose 3.14%, New World Development (00017) rose 2.06%, Wharf Group (00004) rose 1.56%, Changshi Group (01113) rose 1.09%, and Wharf Properties (01997) and Sino Land (00083) rose less than 1%. On April 2, according to statistics, after the complete “elimination” of the Hong Kong property market, the first-hand housing market recorded about 4,170 transactions in March, a record high in the past 11 years since the “First-hand Residential Property Sales Regulations” were implemented in April 2013.
Hong Kong Homebuyers Flock to New Projects, Shunning Used Flats
Hong Kong homebuyers are snapping up new properties after the government cut taxes last month.
Zhongyuan Real Estate: The Hong Kong property market is expected to reach 5,000 first-hand transactions in March and is expected to recover a 15% decline by the end of the year
The property market clearly regained prosperity in March. In March, the Hong Kong property price index will reflect the new situation in the property market after the withdrawal. The index is expected to stop falling and stabilize, or even rise slightly.
Knight Frank: Maintaining an L-shaped forecast for property prices in Hong Kong this year, it is expected to drop by up to 5%
Maintaining the original L-shaped forecast for this year's property price trend, there is still an opportunity for property prices to fall by 3% to 5% in the first half of the year, stabilized slightly in the second half of the year, and is expected to remain flat or fall by up to 5% throughout the year.
NEW WORLD DEV: INTERIM REPORT 2023/2024
American League: It is expected that the turnover of commercial stores in Hong Kong will rise by 20% year-on-year this year, and prices are still under pressure
Recently, the Hong Kong Government introduced a number of favorable policies to promote the development of the real estate industry
Changes in Hong Kong stocks | Hong Kong real estate stocks rose, Hengji Properties (00012) rose more than 4%, and the turnover of new properties in the Hong Kong property market is expected to hit a 26-year high in March
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.
[Special Offer V] Guo Jiayao: Investors' wait-and-see atmosphere is strong, and overall motivation is weaker than before
Jinwu Financial News | US stocks performed well on Tuesday. The market waited for the results of the Federal Reserve's interest rate agreement. Interest rates rebounded from a high level, driving the market upward. The three major indices all recorded increases and closed. The trend of the US dollar has stabilized. Interest rates on US ten-year bonds have fallen back to 4.29%. The oil price performance has improved, and the price of gold has stabilized repeatedly. Hong Kong stocks have generally risen, and it is expected that the market will open higher in the early stages. The mainland stock market fell yesterday. The Shanghai Composite Index opened high and went low. The closing market fell 0.7%, and the turnover of the Shanghai and Shenzhen markets remained active. Hong Kong stocks were repeatedly pressured. At one point, the index fell below the 16,500 point level. At the end of the market, the decline narrowed slightly, and market transactions also declined. Investor view
Li Jia Court: Hong Kong's 50 target housing estates recorded 150 sales last week, a 54-week high
The Zhitong Finance App learned that Chen Haichao, head of the research department of Lijiagge Real Estate, said that the “bamboo shoots” of second-hand housing estates have yet to be added after the previous round of rapid digestion. As owners tend to hesitate to sell one after another, the transaction progress has slowed slightly.
China's Economy Has yet to Bottom Out, Nomura Says
China's economy has yet to bottom out, with the property market continuing to slide and the risk of a fiscal cliff on the rise, Nomura Research economists say in a note. While there is some resilience
Hong Kong Real Estate: Last week, 69 second-hand transactions in Hong Kong's top 20 housing estates hit the second highest in more than 1 year
The Zhitong Finance App learned that Wang Pindi, director of the Hong Kong Real Estate Research Department, said that according to figures recorded by the Frontline Branch, the top 20 major housing estates in Hong Kong recorded 69 second-hand sales transactions last week (March 11 to March 17). Although this is a decrease of about 14.8% from the previous week (March 4 to March 10), it is still the second highest in over a year.
Hong Kong Housing Rebound Starts to Cool as Weekend Sales Fall
Hong Kong’s home sales rebound is beginning to lose steam, if last weekend’s transactions at major estates are any guide.
It Might Not Be A Great Idea To Buy New World Development Company Limited (HKG:17) For Its Next Dividend
New World Development Company Limited (HKG:17) is about to trade ex-dividend in the next four days. Typically, the ex-dividend date is one business day before the record date which is the date on whi
Changes in Hong Kong stocks | Hong Kong real estate stocks rise by nearly 6%, Hi-Tech World Development (00017), Hong Kong's property market continues to be popular
Hong Kong real estate stocks rose. As of press release, New World Development (00017) rose 5.78% to HK$9.88; Wharf Land (01997) rose 4.26% to HK$28.15; and Hang Lung Properties (00101) rose 3.85% to HK$8.91.
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