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A new high in three years! The Hong Kong property market transaction has "exploded"! The "high ROI" attracts homebuyers.
Source: Securities Times Author: Wu Jiaming The Hong Kong property market achieved its highest transaction volume in nearly three years in 2024. Looking back at the Hong Kong property market in 2024, after the "withdrawal of spicy policies," the market clearly rebounded, with the overall transaction volume increasing year-on-year. At the same time, a considerable number of mainland clients recognized that the current property prices in Hong Kong are at a low level and that the rental ROI is relatively high, making it suitable for asset allocation. The Hong Kong Special Administrative Region government's Land Registry recently reported that the total number of building sale and purchase agreements registered in Hong Kong for the whole of 2024 (including residential, parking spaces, and commercial properties) reached 67,979, an increase of 17.1% compared to the same period in 2023, setting a near record.
BOCOM INTL: Initially assigned a leading rating for the Logistics Real Estate Industry, recommending Buy for SF REIT.
BOCOM INTL released a research report stating that it has initiated coverage of the Logistics Real Estate Industry and assigned a leading rating, giving Prologis Inc (PLD.US) and SF REIT (02191) a "Buy" rating. Considering the multiple demand growth drivers and improvements in supply-demand relations over the next few years, the firm holds an optimistic view on the long-term prospects of the industry. The firm also believes that, in terms of rental growth and potential capital gains, Logistics Real Estate can offer excess returns compared to other Real Estate Assets. It also pointed out that further interest rate cuts by the Federal Reserve will continue to drive the revaluation of Logistics REITs, performing strongly in the short term. BOCOM INTL's main points are as follows:
Wang Guolong advocates introducing a corporate structure for Hong Kong REITs to increase investment flexibility.
Deloitte China has jointly released a specialized research report titled "Unlocking Growth Potential - Outlook for the Hong Kong REIT Market" with the Hong Kong REIT Association (HKREITA), suggesting the introduction of a REIT company structure, flexible development and property holding regulations, tax transparency measures, and the reduction of stamp duty on property transfers, among other measures, which will enhance the attractiveness of the REIT market in Hong Kong. The Honorary Founding President and Chairman of the Association, Wong Kwok Lung, Executive Director of Link Asset Management (00823.HK) and Group CEO, stated that introducing a corporate structure for Hong Kong REITs and maintaining asset protection through independent custodians will provide flexibility and attract investment.
Wang Wei has again rung the bell at the Hong Kong Stock Exchange.
SF Express is expected to become the second largest IPO on the Hong Kong Stock Exchange this year.
SF REIT (02191.HK) has received an increase in shareholding of 400,000 fund units from China Orient Asset Management (International) Holding Limited, valued at approximately 1.2 million Hong Kong dollars.
On November 26, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on November 26, China Orient Asset Management (International) Holding Limited increased its shareholding by acquiring 0.4 million fund units of $SF REIT (02191.HK)$ at an average price of HKD 3.0 per unit on November 22, totaling approximately HKD 1.2 million. After the increase, China Orient Asset Management (International)
[Brokerage Focus] Bocom Intl initiates logistics and real estate sector with a leading rating, expected to benefit from multiple growth drivers and improved supply conditions.
Jinwu Financial News | Bocom intl stated that it is initiating coverage of the logistics real estate sector with a leading rating, while also initiating coverage of Prologis (PLD US) and SF Real Estate Investment Trust (02191) with a buy rating. The bank believes that the industry will benefit from multiple growth drivers and improved supply conditions in the coming years, maintaining an optimistic outlook for the sector's long-term prospects. The demand for logistics real estate is expected to be driven by the following factors: 1) The robust development and increasing penetration of e-commerce; 2) The growing demand for cold chain logistics; 3) The popularity of outsourced logistics; and 4) The need to meet automation and