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Home Prices Set to Rise in Hong Kong, Singapore, Australia in 2025
The transaction of second-hand houses in Hong Kong is slowing down, and the CSI has once again fallen below the 50-point threshold.
Yang Mingyi, Senior Joint Director of the research department of CRIC, pointed out that the CRIC Broker Index CSI (residential sale price) latest report is 49.36 points, a decrease of 1.79 points from last week's 51.15 points.
Hong Kong property stocks generally fell, shk ppt (00016) fell by 2.8%. Morgan Stanley predicts that second-hand property prices will continue to be under pressure in the next six months.
Kin Wu Financial News | Hong Kong property stocks generally fell, with SHK PPT (00016) dropping 2.8%, Wharf REIC (01997) dropping 2.65%, New World Dev (00017) dropping 2.26%, Hang Lung PPT (00101) dropping 2.21%, CK Asset (01113) dropping 1.51%, Henderson Land (00012) dropping 0.96%. In terms of news, JPMorgan published a report indicating that after the USA rate cut, Hong Kong banks lowered the Hong Kong dollar prime rate by another 25 basis points on November 8th (last Friday). This rate cut came earlier than market expectations, but not entirely unexpected.
The Past Five Years for New World Development (HKG:17) Investors Has Not Been Profitable
Hong Kong stocks anomaly | New World Dev (00017) rose more than 4% in the afternoon, the policy address has a positive long-term impact on the industry. Institutions have previously raised the company's profit forecast.
New World Development (00017) rose more than 4% in the closing stages, as of the time of writing, up 3.68%, at HK$8.16, with a turnover of HK$78.3476 million.
NEW WORLD DEV: 2024 ANNUAL REPORT
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