Hong Kong's financial budget proposal is expected to bring positive news, leading to a new round of rising waves in the real estate market.

The Chief Executive of the Residential Division of Midland Realty, Bu Shaoming, stated that the market is looking forward to Hong Kong's new Budget.

Zhitong FinanceFeb 14 19:06

Market Chatter: Sun Hung Kai to Launch 781 Units in Sai Sha, Hong Kong in Q1

MT NewswiresFeb 14 13:45

S&P: It is expected that the rental prices for Class A office buildings in Hong Kong will decline by 8-10% this year.

Standard & Poor's published a report stating that office rents in Hong Kong are expected to continue declining this year, and valuations will follow suit. Major real estate developers holding Grade A office properties will face the impact of property valuation adjustments.

Zhitong FinanceFeb 13 20:54

The new phase 1A(2) of the West Sandy project by New World Development (00016.HK) is named "SIERRA SEA."

The residential development project of the first phase 1A(2) of the West Sands comprehensive development project under Sun Hung Kai Properties (00016.HK) is officially named "SIERRA SEA" and will be launched in the first quarter. Sun Hung Kai's Deputy Managing Director Thunder stated that "SIERRA SEA" is the group's largest private residential project to date and will be the group's major focus in 2025. The "West Sands comprehensive development project" covers over 6.7 million square feet and, in addition to residential development projects and "GO PARK," also includes Community facilities and sites for two schools, equivalent in scale to three Victoria Parks in Hong Kong. "SIERRA SEA"

AASTOCKSFeb 13 15:32

Hong Kong property: It is anticipated that property prices and rents in Hong Kong will rise by 5% in 2025.

The CEO of Hong Kong Properties, Ma Tai-yang, indicated a cautious yet optimistic outlook for this year's Hong Kong property market.

Zhitong FinanceFeb 13 15:10

S&P expects the rent of Grade A office buildings in the local market to decrease by 8% to 10% this year, returning to the levels of 2012.

The Crediting rating Institutions Standard & Poor's issued a report indicating that office rents in Hong Kong will continue to decline this year, and valuations will follow suit. Major real estate developers holding Grade A office properties face the impact of property valuation adjustments. Institutions state that Hong Kong real estate developers must confront economic uncertainties and competition from newly completed office buildings, and owners are expected to take more measures to retain tenants, including offering larger rent reductions during lease renewals. Institutions predict that Grade A office rents in Hong Kong will drop by 8 to 10% this year, a decline greater than the originally estimated 5%, implying that rents will revert to 2012 levels. The situation of problematic owners selling office buildings may increase, even among the most stable.

AASTOCKSFeb 13 10:10