Hong Kong property stocks are up. As of the time of writing, New World Dev (00017) rose 4.31% to HKD 7.51; Swireproperties (01972) rose 4.39% to HKD 12.84; Wharf REIC (01997) rose 3.43% to HKD 21.1.
According to the Intelligence Finance app, Hong Kong property stocks are up. As of the time of writing, New World Dev (00017) rose 4.31% to HKD 7.51; Swireproperties (01972) rose 4.39% to HKD 12.84; Wharf REIC (01997) rose 3.43% to HKD 21.1.
In terms of news, according to Viewpoint, on July 3rd, Wang Meifeng, Chief Executive Officer of Zhongyuan Mortgage, stated that large-scale new projects have driven significant growth in the number of registered mortgages for existing buildings and pre-sale properties in June. According to data from Zhongyuan Mortgage's research department, the number of registered mortgages for existing buildings in June 2024 was 4,705, an increase of 39% from 3,380 in May, reaching an eight-month high. In addition, driven by new projects such as YOHO WEST Phase 1, the number of registered pre-sale property mortgages increased by 178% to 775 in June, with three consecutive months of increases and reaching a 27-month high.