00369 WING TAI PPT
- 1.890
- +0.060+3.28%
WING TAI PPT News
'Property Market to Pick up Next Year'
Market Chatter: Road King Infrastructure, Wing Tai Sell Apartments at Lower Prices
The Hong Kong Building's Wing Lung Group is selling the entire commercial property 'Wing Lung Cube' in Wan Chai, valued at 2.2 billion Hong Kong dollars.
First Pacific Davis (Hong Kong) announced that it has been appointed as the exclusive agent for the public invitation to sell the property at 318 Hennessy Road, Wan Chai, known as the Wing Lung Cube (formerly W Square). The total construction area of the property is about 0.1286 million square feet, with a land area of approximately 7,651 square feet, including naming rights for sale, with a deadline for the public invitation on March 18, 2025. The property consists of 8 floors of retail space and 16 floors of office space, with each floor's construction area ranging from approximately 2,998 to 7,338 square feet, and a height of 3.35 to 4.72 meters. Both the retail and office floors are equipped with elevators. The chief senior director of the investment department is Wen Wuzhong.
Market Chatter: One-Sixth of Hongkongers Plan Home Purchases in Next Five Years, HSBC Survey Says
Express News | The Hong Kong Monetary Authority has launched a one-time special arrangement to assist buyers of high-priced pre-sale properties, with the mortgage ratio limit relaxed to 80 percent.
In November, the number of new mortgage registrations for Hong Kong primary real estate fell by 21.3% month-on-month, marking a record low after four consecutive months of decline.
In November 2024, the number of existing building mortgage transactions was 3,096, a decrease of 837 transactions (21.3%) compared to 3,933 in October, marking a decline for four consecutive months and reaching a new monthly low since records began in 2001.
According to bocom intl, it is expected that the mainland housing market will stop declining and stabilize next year, with a moderate recovery for property companies. Property prices in Hong Kong and small buildings are projected to rise.
Bocom intl released a research report indicating that the overall sentiment for purchasing properties in the domestic real estate market is expected to continue its moderate recovery in 2025, with a recovery in the industry's fundamentals; a decrease in supply in the primary market will alleviate the pressure on developers to lower prices, and primary property prices are expected to stabilize at current levels. It is believed that next year, the transaction area is likely to increase by 15% year-on-year. The bank noted that the market is stabilizing, and if the sales trend in October continues until after the Lunar New Year next year, it will help more real estate companies to achieve financial and fundamental "stop decline and stabilize." The bank provided its preference ranking, starting with state-owned enterprises or developers with state-owned enterprise backgrounds that are not highly valued, followed by those with land in first and second-tier cities.
Home Prices Set to Rise in Hong Kong, Singapore, Australia in 2025
The transaction of second-hand houses in Hong Kong is slowing down, and the CSI has once again fallen below the 50-point threshold.
Yang Mingyi, Senior Joint Director of the research department of CRIC, pointed out that the CRIC Broker Index CSI (residential sale price) latest report is 49.36 points, a decrease of 1.79 points from last week's 51.15 points.
Standard & Poor's expects that Hong Kong property prices will stabilize next year, raising the sales volume forecast for new projects to 0.02 million units.
Rating agency Standard & Poor's released a report stating that after a nearly 30% decline in high Hong Kong property prices in 2021, they are expected to stabilize next year. However, local developers are still struggling, mainly due to high inventory, and the recognition of residential projects purchased during the period of high land prices will further pressure profit margins. Nevertheless, Standard & Poor's believes that with the government relaxing housing market measures and interest rates trending downwards, they have revised their forecast for next year's new home sales volume to 0.02 million units. In addition, Standard & Poor's expects that the future three to four years' new supply may exceed 80% of the government's ten-year private residential supply target.
Express News | Standard & Poor's has raised its forecast for the residential sales volume in Hong Kong in 2025, expecting housing prices to stabilize.
Express News | Hong Kong's second-hand property price index rose by 1.24% on a week-on-week basis.
Retail Management Association: The basic market factors remain unchanged, and the market has not yet shown signs of improvement.
Annie Lo, Executive Director of the Retail Management Association, pointed out that the main reason for the narrowed decline in retail data in Hong Kong in September is the low base effect. She mentioned that the current market conditions have not changed fundamentally, with general weakening in consumer spending among citizens, coupled with strong performance of the Hong Kong dollar and the influx of mainland Chinese visitors, the market remains weak without any signs of improvement. 70% of the association's members expect business performance to continue to decline in October. Annie Lo stated that among these members, non-essential items are experiencing a larger decline, while 30% expect business to remain stable or improve, primarily relying on promotional activities and new product launches. Members are still pessimistic about the performance in November and December. She pointed out that half of the members anticipate a decline in business in November, during the Christmas holiday in December.
The overall residential property prices in Hong Kong are still under pressure in the short term according to Knight Frank's Hong Kong Residential Market Report. The overall atmosphere and leasing in Hong Kong Island's Grade A buildings will gradually impr
According to the latest "Hong Kong Monthly Property Market Report" released by Knight Frank, this year's Policy Address announced an increase in the maximum loan-to-value ratio for all property loans to 70%. With the cancellation of all cooling measures in the real estate market, as well as lower interest rates, Knight Frank expects more high-income local and overseas professionals to enter the mid-to-high-end residential property market in the long term. However, it is expected that overall residential property prices will still be under pressure in the short term, despite recent interest rate cuts, as interest rates remain relatively high. Due to developers actively launching new projects to drive sales, the secondary housing market will continue to be under pressure. As for Grade A office space, in September this year, Grade A office space in the Hong Kong Island area continues to face challenges.
Express News | UBS Group: Mainland clients buying Hong Kong property have further intentions to increase, expecting Hong Kong property prices to rebound next year.
Hong Kong stock concept tracking | The announcement of the cancellation of property purchase restrictions in UAC! The beginning of the "Silver Ten" sees warming trends in the real estate market in many cities (with concept stocks).
Everbright Securities stated that recently, real estate has seen the continuous release of restrictions on purchases and sales, leading to a significant increase in the volume of new homes sold in many areas, with a noticeable boost in market activity. It is expected that future real estate policies will continue to make efforts to promote the stable and healthy development of the real estate market.
Relaxing the mortgage loan conditions for residences and solving the "subdivided units" issue, the Hong Kong property market welcomes multiple significant bullish news.
1. "Relaxing mortgage restrictions indirectly reduces initial expenses, lowers the entry threshold to the market, and eliminates mortgage restrictions based on property prices or usage, believing that this measure will attract market demand and foreign capital back to the Hong Kong property market." 2. "It is expected that the number of first-hand property transactions in October may reach 3,000 units, potentially reaching a new high in almost 7 months, and property prices are also expected to stop falling and rebound in the fourth quarter."
Gao Li from "Hong Kong Tower": It is expected that attracting businesses to register in Hong Kong will drive the leasing in core commercial areas.
A new edition of the 'Policy Address' will be announced. The Treasury Department will submit a bill within this year to introduce a mechanism for company relocation, attracting and facilitating key domestic and foreign enterprises to establish headquarters or branch businesses in Hong Kong. Grace Yam, Senior Customer Service Manager of GoGo Hong Kong, stated that the new mechanism streamlines the process of corporate relocation to Hong Kong, expecting to help promote local office rental demand. If successfully attracting large overseas enterprises to relocate to Hong Kong, it is believed to stimulate rental activities in core commercial areas such as Sheung Wan, Wan Chai, and Causeway Bay.
"Hong Kong Tower" founder Cao Deming: Relaxing the loan-to-value ratio should help investors enter the market.
The "Policy Address" announced that the maximum mortgage percentage for all residential and non-residential properties is unified to 70%. Applicants of the "New Capital Investment Immigrant Scheme" can invest in residential properties with a fill price of 50 million yuan or above. Chief Vice President Cao Deming of Leverage Mortgage Referral expressed that the government further relaxes the mortgage percentage and the loan-to-income ratio, believing that it can attract capable investors to enter the market. It is expected that there will be an increase in the transactions of large-sized properties, rental properties, and second homes, which is a positive support to the property market. The revision also applies to non-residential properties. Cao Deming believes that this is an appropriate time, allowing those affected by the epidemic and the decline in property prices in recent years to participate.
Chinese developer stock prices suddenly surged! Will there be any new updates at tomorrow's Ministry of Housing and Urban-Rural Development press conference? Hong Kong just announced......
Chinese real estate developers' stocks rose as the market speculates that the Chinese government and central bank will announce new measures to boost the property market at the joint press conference scheduled for Thursday, October 17.
No Data