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'Property Market to Pick up Next Year'
MIDLAND HOLDING: Hong Kong property prices are expected to "counterattack" next year, with an estimated increase of around 5%.
MIDLAND HOLDING expects that next year Hong Kong property prices are likely to "rebound," reversing a three-year decline, with an increase of about 5%, and rents rising another 6%.
Hong Kong Stock Movements | Hong Kong Property Stocks decline as the Federal Reserve implements a "hawkish rate cut". Morgan Stanley anticipates that Hong Kong's property market will still face challenges next year.
Hong Kong Property Stocks declined. As of the time of publication, LINK REIT (00823) fell by 2.55%, trading at 32.45 HKD; SHK PPT (00016) decreased by 2.23%, at 72.3 HKD; HENDERSON LAND (00012) dropped by 2.07%, at 23.6 HKD.
Hong Kong Property Stocks generally declined, with NEW WORLD DEV (00017) falling by 6.73%. Morgan Stanley expects that the Hong Kong Real Estate market will still face challenges next year.
Golden Business News | Hong Kong Property Stocks saw a general decline, with NEW WORLD DEV (00017) falling by 6.73%, HYSAN DEV (00014) down 2.32%, SWIRE PACIFIC A (00019) dropping 2.15%, HENDERSON LAND (00012) decreasing by 2.03%, CK ASSET (01113) down 1.58%, and SHK PPT (00016) falling by 1.06%. Morgan Stanley published a research report stating that there is no sign of improvement in the Hong Kong Real Estate market next year, which is expected to remain challenging, with interest rates maintained at a high level, adversely affecting the overall development of Hong Kong's property market. Although the valuations of local Real Estate stocks are relatively cheap.
At HK$25.00, Is It Time To Put Henderson Land Development Company Limited (HKG:12) On Your Watch List?
Market Chatter: One-Sixth of Hongkongers Plan Home Purchases in Next Five Years, HSBC Survey Says
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