01997 WHARF REIC
- 21.400
- +0.100+0.47%
WHARF REIC News
Express News | UBS Group: The larger-than-expected reduction in the most favorable interest rates of Hong Kong banks should support recent real estate transactions.
Hong Kong property stocks generally fell, SHK PPT (00016) fell by 2.8%. Morgan Stanley points out that second-hand property prices will still be under pressure in the next six months.
Golden Finance News | Hong Kong property stocks fell across the board, with SHK PPT (00016) down 2.8%, Wharf REIC (01997) down 2.65%, New World Dev (00017) down 2.26%, Hang Lung PPT (00101) down 2.21%, CK Asset (01113) down 1.51%, Henderson Land (00012) down 0.96%. On the news front, JPMorgan released a report stating that following the interest rate cut in the USA, Hong Kong banks once again lowered the Hong Kong dollar prime rate by 25 basis points on November 8th (last Friday). This rate cut earlier than market expectations, but not entirely unexpected.
Express News | Standard & Poor's has raised its forecast for the residential sales volume in Hong Kong in 2025, expecting housing prices to stabilize.
UBS Group: The degree of interest rate reduction is greater than expected, which should support the recent property market transactions. Henderson Land Development (00012.HK), Kerry Properties (00683.HK), and Sun Hung Kai Properties (00016.HK) will benefi
UBS Group released a report stating that local banks in Hong Kong have once again lowered the prime rate by 25 basis points, from 5.625% to 5.375%, a larger decrease than the expected 12.5 basis points, which is seen as a positive surprise for the Hong Kong property market. The latest mortgage interest rate for new properties will decrease from 3.88% to 3.63%, achieving a neutral interest spread when compared to the latest rental yield of 3.6%. The bank expects the residential property market to enter a positive interest rate differential early next year. However, after the U.S. presidential election, the market lowered its expectations for rate cuts by the Federal Reserve. UBS Group anticipates that the larger-than-expected decrease in the prime rate should support recent property market trading activities.
Morgan Stanley: Interest rate cuts may have limited short-term impact on the residential market. In the short term, it prefers Sun Hung Kai Properties (00083.HK) and SwireProperties (01972.HK).
Jpmorgan released a report stating that following the interest rate cut in the usa, Hong Kong banks once again lowered the Hong Kong dollar prime rate by 25 basis points on November 8 (last Friday). This rate cut came earlier than expected by the market, although not completely surprising, as the 25 basis points rate cut in September exceeded market expectations. The report mentioned that the response of Hong Kong property stock prices to the rate cuts was moderate. While the direction is positive, the bank believes that the short-term impact on the residence market may be minimal, as the actual interest rate of 3.625% is still higher than the average gross rental yield of 3.4%; developers may continue to offer aggressive discounts in the case of high inventory. However,
Express News | Hong Kong's second-hand property price index rose by 1.24% on a week-on-week basis.
Hong Kong and the United States both reduced interest rates by 0.25%. Midland Realty: Hong Kong property prices are expected to rebound by 3% to 5% in the fourth quarter.
Chan Wing-kee predicts that Hong Kong property prices in the fourth quarter may stop falling and rise by 3% to 5%.
HKMA: Interest rates may remain at relatively high levels for a period of time.
The Federal Reserve in the USA cut interest rates by 0.25 basis points. The Hong Kong Monetary Authority stated that as expected by the market, the Fed further lowered interest rates, implementing a looser monetary policy. However, the future pace of rate cuts depends on the economic data in the USA, which will be affected by fiscal and economic trade policies, thus there are still many variables. Additionally, since the monetary policy environments of major economies are not necessarily fully synchronized, the risk of global market volatility is worth noting. The Hong Kong Monetary Authority mentioned that the financial and monetary markets in Hong Kong are operating smoothly, with stable market liquidity and a stable exchange rate of the Hong Kong dollar. The Hong Kong dollar's interbank interest rates are generally approaching the US dollar rates under the linked exchange rate system, while shorter-term interbank rates.
Hong Kong property stocks are generally under pressure. The market is concerned that Trump's election will affect the expectations of interest rate cuts, and uncertain factors in the property market may intensify.
Hong Kong property stocks are generally under pressure. As of the time of publication, Link REIT (00823) fell by 4.73% to HKD 36.25; Wharf REIC (01997) fell by 2.15% to HKD 22.8.
Real estate market continues to warm up! Hong Kong's mainland real estate stocks are soaring again, with several real estate companies surging more than 20% in a single day.
1. At the end of October, the real estate market sales accelerated, how does the market view the sustainability? 2. Mainland real estate stocks in Hong Kong soared again, how do institutions view this?
In October, the number of new mortgage applications for existing buildings in Hong Kong hit a 5-month low, while mortgage applications for new properties increased by 5.5 times.
Compared to the same period last year, the number of mortgage units for existing buildings in October this year decreased by 1017 units (20.5%); while the number of mortgage units for new properties increased by 463 units (544.7%).
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.
HSBC Global: Bullish on Hong Kong's current real estate market recovery, expecting Hong Kong's property prices to rise by 5% next year.
HSBC Global expects that Hong Kong property prices will stabilize in the second half of this year, with prices rising by 5% next year, reversing the downward trend since 2022.
U.S. Home Prices Rise at Lowest Level This Year in Cooler Sign for Hot Market
Kowk: Maintaining the forecast of a 5-10% decline in Hong Kong property prices, the luxury housing market will remain stable.
Li Wanyin, head of the research department of Gaoli Hong Kong, still maintains the forecast of a 5%-10% downward adjustment in Hong Kong's annual property prices, and also expects property prices to remain stable in 2025. The future trend will be influenced by the speed of interest rate cuts. If the pace of interest rate cuts is slow, Hong Kong property prices may come under further pressure.
Huang Geron: The dining industry in Hong Kong as a whole is shrinking, and operators are trying to transform as much as possible to meet market demand.
Chairman Wong Geron of Xu Fu Lou (01978.HK) expressed on his personal social platform that their "Meat and Rice" No. 2 shop, "The Matcha Tokyo", and Suzhou Noodle House "Xu. Xiao Mian" will be opening at Wharf Reic (01997.HK)'s Harbour City, with "Meat and Rice" No. 2 shop scheduled to open before Christmas. He mentioned that Hao Guo Days, KAMO, Brisket King, and Liang Sisters Cold Skin Noodles will be setting up at Kai Tak Sports Park. More details about the unique features and store addresses of different brands will be announced later. He further pointed out that the overall dining industry in Hong Kong is contracting.
Daiwa: Wharf REIC (00004) rated as "shareholding", target price lowered to HK$18.
Daiwa Securities lowered its earnings forecast for wharf reic (00004) by 10% for the 2024 fiscal year.
The silver marine transportation new star ship first visited Tsim Sha Tsui in Hong Kong, and it is expected that the passenger volume at the Marine Transport Dock of Harbour City will more than double compared to last year.
The international cruise ship 'Silver Sea Star' carrying approximately 700 passengers made its inaugural visit to Hong Kong, docking at Tsim Sha Tsui Marine Terminal this morning (24th) and will stay in the city for two days and one night. Harbour City has indicated that this year there will be 56 scheduled berthing times at the marine terminal, nearly doubling from the previous year; total berthing days have increased by 180% to 150 days. In addition, the marine terminal is expected to receive over 0.034 million passengers this year, more than double the amount from the previous year.
Express News | UBS Group: Mainland clients buying Hong Kong property have further intentions to increase, expecting Hong Kong property prices to rebound next year.
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