Goldman Sachs: The average capitalization rate for commercial Real Estate in Hong Kong has risen to 5.7%, maintaining "Buy" ratings for Cheung Kong and SHK PPT.

Goldman Sachs issued a report indicating that it maintains 'Buy' ratings for Cheung Kong (01113) and SHK PPT (00016), with Target Prices of 92 HKD and 41 HKD respectively. Moreover, it maintains a 'Sell' rating for HENDERSON LAND (00012), with a Target Price of 19.5 HKD. The report states that year-to-date, the Index for retail and office rents in Hong Kong has decreased by 4% and 5% respectively, with double-digit declines in price indices as of the end of October. According to Goldman Sachs, following this trend, the capitalization rates (cap rates) for retail and office properties in Hong Kong have increased by approximately 0.4 and 0.8 percentage points compared to 2023.

Sina Hong Kong stocksDec 20 17:59

Hong Kong's second-hand property prices rebounded, the fluctuating situation remains unchanged.

On December 20, G-Lon reported that the Hong Kong secondary property price Index rebounded after two weeks of decline. The Central City Leading Index (CCL), which reflects the trends in the secondary Residence market of major large housing estates, recently reported 138.16 points, an increase of 0.41% week-on-week, ending the two-week decline. This represents the market situation during the week when the central government resumed the "one sign, multiple processes" policy in Shenzhen on December 1. The CCL has hovered around the 138-point level for seven consecutive weeks, with 4 increases and 3 decreases in that period, reaching a maximum of 138.8 points and a minimum of 137.59 points. Yang Ming-yi, Senior Co-Director of the Research Department at Centaline Property, pointed out that most of the good-value units in the market have been consumed, and with the long Christmas holiday approaching, the holiday atmosphere is strong.

Gelonghui FinanceDec 20 16:30

Major banks' ratings丨Goldman Sachs: Maintains "Buy" ratings for CK ASSET and SHK PPT and a "Sell" rating for HENDERSON LAND.

On December 20th, GLOBE reported that Goldman Sachs maintained 'Buy' ratings for CK ASSET and SHK PPT, with target prices of HKD 92 and HKD 41 respectively; additionally, it maintained a 'Sell' rating for HENDERSON LAND, with a target price of HKD 19.5. The report indicated that as of the end of October, Hong Kong's retail and office rental index had cumulatively fallen by approximately 4% and 5% year-to-date, while prices dropped by double digits. According to the bank's estimates, the current mortgage interest rates for Hong Kong's retail and office properties have increased by approximately 0.4 and 0.8 percentage points compared to 2023, reaching 6.7% and 4.7% respectively. This has led to a decline in Hong Kong's commercial Real Estate market.

Gelonghui FinanceDec 20 10:33 · Ratings

Goldman Sachs maintains "Buy" ratings for Cheung Kong Holdings (01113.HK) and New World Development (00016.HK), and "Sell" ratings for Shanghai New World (00017.HK) and Henderson Land Development (00012.HK).

Goldman Sachs released a report stating that it maintains the 'Buy' rating for CK ASSET (01113.HK) and New World Development (00016.HK), with Target Prices of 92 HKD and 41 HKD respectively; it also maintains the 'Sell' rating for Shanghai New World (00017.HK) and Henderson Land Development (00012.HK), with Target Prices of 5.8 HKD and 19.5 HKD respectively. The report indicates that as of the end of October, the Hong Kong retail and office rental Indices have fallen by about 4% and 5% year-to-date, while prices have decreased by double digits. According to the bank's estimates, the current mortgage interest rate ceiling for Hong Kong retail and office is up by about 0.4 and 0 compared to 2023.

AASTOCKSDec 20 10:02

'Property Market to Pick up Next Year'

RTHKDec 19 17:08

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%.

Zhitong FinanceDec 19 16:36