'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

J.P. Morgan's investment ratings and Target Prices for Hong Kong real estate stocks and Banks (table).

JPMorgan published a research report, listing the investment ratings and Target Prices for local property stocks as follows: Stock | Investment Rating | Target Price (HKD) SHK PPT (00016.HK) | Neutral | 70 HKD CK ASSET (01113.HK) | Neutral | 32 HKD HANG CHI PROPERTY (00012.HK) | Shareholding | 25 HKD SINO LAND (00083.HK) | Shareholding | 10 HKD NEW WORLD DEV (00017.HK) | Shareholding | 5.6 HKD SWIREPROPERTIES (01972.HK) | Shareholding.

AASTOCKSDec 19 12:00

Hong Kong Property Stocks have all fallen. NEW WORLD DEV (00017) is down by 3.61%. The Federal Reserve may slow down interest rate cuts.

Kango Financial News | Hong Kong Property Stocks fell across the board, NEW WORLD DEV (00017) down 3.61%, LINK REIT (00823) down 2.4%, SHK PPT (00016) down 2.37%, HENDERSON LAND (00012) down 2.28%, HANG LUNG PPT (00101) down 1.74%, WHARF REIC (01997) down 1.61%. On the news front, the Federal Reserve announced a 25 basis point interest rate cut, and the statement hinted at a slower pace of rate cuts; the dot plot shows that next year's rate cut forecast has been adjusted from 4 cuts to 2. Powell stated that future considerations for interest rate adjustments can be more cautious.

Jinwo Financial NewsDec 19 09:51

Meridians: It is expected that MMI still has room for decline, which will have a positive effect on the Hong Kong property market.

In November 2024, the Mortgage Interest Rate Index (MMI) was reported at 3.78%, a decrease of 12 basis points from the previous month, marking a decline for six consecutive months and reaching a new low in 14 months.

Zhitong FinanceDec 17 15:30

According to Morgan Stanley, the outlook for Hong Kong real estate remains challenging next year, with a preference for stocks like New World Development (00016.HK) and Link REIT (00823.HK) that have sustainable dividend-paying ability.

Morgan Stanley published a research report indicating that there will be no improvement in the Hong Kong Real Estate market next year, which is expected to remain challenging, with interest rates remaining at a high level, unfavorable for the overall development of the Hong Kong property market. Although many local Real Estate stocks are undervalued, Morgan Stanley believes that market oversupply and developers' inventory accumulation are unhelpful for market development. It is currently forecasted that residential property prices will continue to decline in the first half of next year. As favorable factors such as higher mortgage ratios, the cancellation of additional stamp duty, lower mortgage rates, rising rental levels, and population Inflow emerge, they should contribute to property prices rising in the second half of next year. Morgan Stanley is Bullish on developers with sustainable dividends, preferring Sun Hung Kai Properties.

AASTOCKSDec 16 09:51