今年首十个月，港人循陆路及水路北上的数目按年分别增加35%及59%，循陆路及水路的访港内地旅客只增加16%及33%，反映旅客净流出趋势持续，同时内地主要电商经营者最近一直致力提高其在香港的渗透率，预计香港零售业将继续面临大湾区一体化带来的挑战。Dahua further indicated that under the challenge of integration in the Greater Bay Area, retail leased stocks are expected to remain under pressure, so it is optimistic that there are more Hong Kong developer stocks than leased shares.
The Zhitong Finance App learned that the Hong Kong new listing market showed signs of recovery in October, and transactions rebounded markedly. Dahua Jixian said that although Hong Kong property market transactions may decline in November due to a decrease in the supply of high-quality new properties, the bank still expects a 3% increase in property prices from the fourth quarter to the first quarter of next year, mainly supported by potential interest rate cuts, a rise in rental returns to 3.4%, and macroeconomic factors.
Dahua Ji indicated that the pricing of the two new properties, Tianxi Tien and Yuyue, was attractive, and the location was quite ideal. In contrast, sales of Blue Coast 2 slowed down after the price increase. Double Coast also affected sales due to its distance from subway stations, reflecting that buyers are still cautious and selective about buying homes. It is expected that the second-hand property market will be driven by the trading of high-quality projects in the short term.
In the first ten months of this year, the number of Hong Kong people traveling north by land and waterway increased by 35% and 59%, respectively. Visitors to Hong Kong by land and waterway increased by only 16% and 33%, reflecting the continued trend of net outflow of visitors. At the same time, major mainland e-commerce operators have recently been working to increase their penetration rate in Hong Kong. It is expected that the Hong Kong retail industry will continue to face challenges brought about by the integration of the Greater Bay Area.
Dahua indicated that under the challenge of integration in the Greater Bay Area, retail leased shares are expected to remain under pressure. Therefore, it is optimistic that Hong Kong developer stocks will outnumber leased shares, maintain the “in sync with the market” rating of Hong Kong real estate stocks, and prefer Sun Hung Kai Properties (00016) and Link (00823).
