Market Chatter: Hong Kong Developers Raise Prices Ahead of Budget Speech

MT Newswires03:02 ET

After five consecutive weeks of decline, the Meilian real estate price Index has stabilized, with the confidence Index reporting 64.5 points, a decrease of 2.4% month-on-month.

"The Hong Kong Property Price Index" latest reports at 127.49 points, slightly rising by 0.02% month-on-month, stabilizing after five weeks of decline; however, compared to four weeks ago, the Hong Kong Property Price Index still dropped by 0.95%, and so far this year has recorded a decrease of about 0.5%.

Zhitong FinanceFeb 24 01:40 ET

J.P. Morgan: LINK REIT (00823) is the top choice in Hong Kong's Real Estate Industry, while avoiding WHARF REIC (01997).

Overall, the performance may be mediocre, but the guidance regarding capital circulation (such as land use, Swire, and Link REIT) may be a highlight, while also paying attention to the possible improvement in Luxury Goods retail sales in the mainland that may occur in the second quarter (related to HANG LUNG PPT).

Zhitong FinanceFeb 21 03:46 ET

Zhongyuan Mortgage: In January, there were 31 registrations of elderly mortgages in Hong Kong, a month-on-month increase of 10.7%.

Since the launch of the Elderly Mortgage Scheme, BOC HONG KONG has consistently ranked first in market share, accounting for 30 cases this January, with a market share of 96.8%.

Zhitong FinanceFeb 19 03:40 ET

Kerry Research: The Real Estate market is still in the "stabilization phase after a decline" with resilience remaining in first-tier cities.

According to CRIC Real Estate Research, the current Real Estate market is still in the "stabilization" phase, with expected year-on-year positive growth in February for both new and second-hand home transactions, and first-tier cities still show resilience.

Zhitong FinanceFeb 18 06:56 ET

Central China Real Estate: The expected ROI for Hong Kong CRI in the first quarter is maintained at over 3.4%.

Yang Mingyi stated that after the Lunar New Year, rental transactions are expected to rebound strongly, with rents likely to end their adjustment and experience a slight increase, while short-term property prices will continue to hold steady. Looking ahead to the first quarter of 2025, the ROI is still projected to remain above 3.4%.

Zhitong FinanceFeb 18 04:02 ET