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Private Companies Are Hysan Development Company Limited's (HKG:14) Biggest Owners and Were Hit After Market Cap Dropped HK$1.0b
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.
Morgan Stanley: It is expected that Hong Kong Residence prices will decline by 5% in 2025, and the property market may stabilize and reach the bottom.
Looking ahead to 2025, there will still be some downward space in the Hong Kong property market, but signs of a bottoming out seem to have emerged. The bank expects that office and retail rents will continue to decline by 5% in 2025, and retail sales are expected to fall by 5%.
Hysan-Chinachem JV, Vanke Hong Kong, Kerry Launch Projects
Ex-Alibaba CEO Named Hysan Development Director
hysan dev (00014.HK): Appointed Zhang Yong as an independent non-executive director.
On December 9, Gelonghui reported that hysan dev (00014.HK) announced the appointment of Zhang Yong as an independent non-executive director and a member of the Audit and Risk Management Committee, effective from December 9, 2024.
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