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China Property Stocks Rally as More Cities Unveil Rescue Steps
By Jiahui Huang Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-es
China May Need Large-Scale Funding to Lower Housing Inventories
China may need to spend at least CNY3-4 trillion in order to "meaningfully lower" the country's primary housing inventory to a healthy level, Morgan Stanley analysts write in a note. The market is for
Jefferies: Swire Properties' first-quarter operating index fell short of market expectations, and the industry preferred Sun Hung Kai Properties
Jefferies released a research report saying that in Hong Kong real estate, they are still optimistic about good manufacturers rather than owners. The bank believes that the market may undervalue the housing market due to strong sales during the recent accelerated launch of real estate projects. Sun Hung Kai Properties (00016) continues to be the bank's preferred stock with its rich project reserves, high-quality products and resilient profit margins. The report points out that recent reports have consolidated the bank's view on the property market, that is, it favors housing, retail over office buildings, and that it favors more manufacturers than owners. The bank said that the operating index of Swire Properties (01972) for the first quarter of 2024 was lower than market expectations, reflecting the public
Big Bank Ratings|Citibank: Still Underwhelming the Hong Kong Real Estate Industry's Second-Quarter Preferred Stocks: Wharf Land, Swire Properties and SHKP
According to a report published by Citibank, it still downplays the Hong Kong real estate industry due to de-globalization; the performance of the four pillar industries slowed down before new drivers appeared; real interest rates were high due to economic weakness and deflation; after the Federal Reserve cut interest rates, Hong Kong's mortgage interest rate may not follow the initial reduction; the retail industry was affected by the downturn in tourist consumption, and the average consumption per tourist fell; office buildings faced upward pressure on supply, but demand declined after layoffs; the relaxation of housing measures triggered short-term sales impulses, and more new listings were promoted at reasonable prices. Overall, Citi expects real estate stocks with high free cash flow visibility and stable dividend prospects to outperform the market
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.
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