In last month, two new developments of "Port Tower" were approved for pre-sale, involving 1,273 units.

The Land Registry has announced that in February, two projects were approved for pre-sale consent, involving a total of 1,273 units, an increase of 681 units or nearly 1.2 times compared to the previous month. The two projects include the Yau Tong ventilation building property development project jointly developed by Sun Hung Kai Properties (00083.HK) and Capital Strategy (00497.HK), which offers 748 units, while the newly launched YOHO WEST PARKSIDE, developed in cooperation with New World Development (00016.HK) and MTR Corporation (00066.HK) at Tin Shui Wai Tin Wang Station, involves 525 units.

AASTOCKS09:27

The Hong Kong government refutes the S&P report, stating disagreement with the surplus of Residences.

The Hong Kong government responded last night to the rating agency S&P's report on Hong Kong's Banks and property market, stating disagreement with the view that there is an oversupply of Residence properties. At the end of last year, the vacancy rate for private Residence units was 4.5%, which is the same as the long-term average over the past 20 years (2004 to 2023); rents have also continued to rise steadily, indicating that there is currently strong demand for housing. A government spokesperson mentioned that benefiting from generally declining interest rates, sustained economic growth, and an influx of talent into Hong Kong, this year's Residence property market is expected to develop steadily. Additionally, it was noted that the government has launched measures to stabilize the market for non-Residential properties, considering that the vacancy rate for offices has been high in recent years.

AASTOCKS09:26

Kerry (00683.HK) leads the sale of over a hundred units at Haiying Mountain from January to present, with the launch of the 5th price list starting at a net entry price of 10.38 million.

KERRY PPT (00683.HK), SUN HUNG KAI PROPERTIES (00083.HK), SWIREPROPERTIES (01972.HK) and MTR (00066.HK) collaborated on the 黄竹坑 station stage 4A, LA MONTAGNE, which has sold 105 units since January, involving an amount exceeding 1.2 billion. The developers have launched the 5th price list in response to the market, involving 45 units. At the same time, the developers have also uploaded the sales arrangement No. 4, which is set to commence sales on next Monday (10th) on a first-come-first-served and bidding basis. KERRY PPT Executive Director and General Manager for Hong Kong, Tong Yiu Chung, stated that the sales of LA MONTAGNE have been doing well since it was opened earlier.

AASTOCKSMar 6 16:20

SINO LAND's Chairman of the Board of Directors, Huang Zhi Xiang, increased his Shareholding by 0.08 million shares at a price of approximately 7.96 Hong Kong dollars per share.

According to the latest information from the Hong Kong Stock Exchange, on February 27, the Chairman of the Board of Directors, Huang Zhixiang, increased his Shareholding in SINO LAND (00083) by 0.08 million shares, at a price of 7.964 Hong Kong dollars per share, for a total amount of approximately 0.6371 million Hong Kong dollars. After the increase, the latest number of shares held is approximately 5.43 billion shares, with the latest shareholding ratio being 60.23%.

Sina Hong Kong Stock.Mar 3 08:22

Citi: Maintains SINO LAND 'Buy' rating and raises Target Price to HK$9.30.

Citi released a Research Report maintaining SINO LAND (00083) with a "Buy" rating, and the Target Price has slightly increased from 9.2 HKD to 9.3 HKD. The report indicates that the group actively participates in land tenders to replenish mid- to long-term project reserves and enhance its ROI. However, the group maintains a low profile on pricing, with no new land acquisitions anticipated in the first half of fiscal 2025. Citi highlighted that SINO LAND has a net cash per share of 5.09 HKD, with a net cash balance reaching 45.88 billion HKD. Despite facing profit pressure in the short term due to low profitability from developed properties and challenges in retail and office rents, the company still possesses the capability to steadily increase dividends.

Sina Hong Kong stocks.Feb 28 11:14

Citi maintains a "Buy" rating on SINO LAND (00083) and raises the Target Price to HK$9.30.

Despite the short-term pressure on profits due to low profit margins from developed properties and challenges in retail and office rents, the company still has the strength to steadily increase dividends.

Zhitong FinanceFeb 28 09:13 · Ratings