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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.
Champion Real Estate Investment Trust (02778.HK) received a Shareholding of 1.964 million Fund units from Luo Jia Rui, valued at approximately 3.3192 million Hong Kong dollars.
On December 10, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 10, Luo Jiarui increased his shareholding in the champion real estate investment trust (02778.HK) by 1.964 million fund units at an average price of HKD 1.69 per unit on December 5, amounting to approximately HKD 3.3192 million. After the increase, Luo Jiarui's latest hold positions number is 4.291 billion fund units, with the good position ratio rising from 70.53% to 70.56%. Supplementary information: Box 27 2501 Other - in the capacity of Settlor and a.
HSBC Research on real estate stocks investment rating and target price (table)
HSBC Global Research published a research report, listing the investment ratings and target prices for property stocks as follows: Stock | Investment Rating | Target Price (HKD) CK Asset (01113.HK) | Buy | 44.6 HKD Hang Lung Properties (00012.HK) | Hold | 26.9 HKD New World Dev (00017.HK) | Shareholding | 5.6 HKD Sino Land (00083.HK) | Buy | 10.9 HKD SHK PPT (00016.HK) | Buy | 116 HKD Wharf Holdings (00004.HK)
Champion Real Estate Investment Trust (02778.HK) expects double-digit growth in foot traffic and business record at Langham Place on Christmas Eve and New Year's Eve.
Champion real estate investment trust (02778.HK) stated that Langham Place Mall is introducing art and trendy cultural projects to welcome the Christmas and New Year golden periods, expressing a cautiously optimistic outlook for overall consumer spending. It is expected that by actively aligning with the new normal of deep tourism 'travel everywhere,' adding diverse experiences in the Christmas art program can drive foot traffic and sales in the mall to achieve double-digit growth throughout the Christmas season to New Year's Eve. Champion real estate investment trust CEO Hou Xun mentioned that Langham Place recorded foot traffic of up to 1.8 million during this year's 'Golden Week' in October, with year-on-year growth exceeding 10%, and the first weekend even set a new single-day foot traffic record for 2024.
Champion Real Estate Investment Trust (02778.HK) received shareholding of 3 million fund units from Rosyam Azizi, worth approximately 5.0865 million Hong Kong dollars.
On December 5, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 5, Luo Jiarui increased his shareholding in the champion real estate investment trust (02778.HK) by 3 million fund units at an average price of 1.6955 Hong Kong dollars per unit on December 2, worth approximately 5.0865 million Hong Kong dollars. After this shareholding increase, Luo Jiarui's latest hold positions number is 4.289 billion fund units, with the good stock ratio rising from 70.48% to 70.53%. Supplementary information: Box 27 2501 Other - in the capacity of Settlor and a
Champion Real Estate Investment Trust (02778.HK) received a shareholding of 1.039 million fund units from Royce, worth approximately 1.7683 million Hong Kong dollars.
On November 28, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on November 28, Luo Jiarui increased his shareholding of $champion real estate investment trust (02778.HK)$ by 1.039 million fund units at an average price of HKD 1.7019 per unit on November 25, valued at approximately HKD 1.7683 million. After the increase, Luo Jiarui's latest hold positions amounted to 4.286 billion fund units, with the good position ratio rising from 70.46% to 70.48%. Supplementary Information: Box 27 2501 Other - in the capacity of Settlor.