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Hong Kong Property: In March, the number of Residence registrations in Hong Kong is expected to reach 5,000 cases, setting a new four-month high.
As of the 24th of this month, Hong Kong's Residence properties (including first-hand private housing, second-hand private housing, and second-hand public housing) have recorded 3,974 registrations.
EVERG SERVICES: DATE OF BOARD MEETING
Hong Kong Property: It is expected that the overall property registration volume in Hong Kong will rise to 5,000 cases in March.
According to Wang Pindi, Director of the Research Department of Hong Kong Real Estate, data from the Land Registry shows that as of this month (up to the 17th), Hong Kong has recorded a total of 2,908 property registrations (including new private residences, second-hand Residences, new public housing, commercial shops, pure parking spaces, and Other non-residential properties), an increase of approximately 16.6% compared to 2,493 registrations in the same period last February.
The historical issues troubling private Property Service companies are expected to have dissipated according to CITIC SEC.
Jinwu Finance | CITIC SEC believes that the historical issues troubling private Property Service companies have dissipated, and the dividends of these companies are generally very attractive, with Cash/ Money Market Assets providing a safety margin. Moreover, most private Property Service companies are experiencing continuous net Inflow of operating Cash, making high dividends completely sustainable. Unlike in the fall of 2024, the current catalysts for the Property Service Sector may not be improvements in credit in the real estate sector (though real estate credit is also stable), but rather the upcoming announcement of the 2024 annual report, which is expected to deliver sustainable high dividends and a vision for long-term stable development. We recommend leading private Property Service companies at this time.
The 美联 house price Index fell by 0.13% week-on-week, continuing to create a new low of over 8 and a half years.
The latest "Morgan Stanley Confidence Index" reports 60.2 points, down 5.2% week-on-week, marking four consecutive weeks of decline. The financial budget announced a significant reduction of the property stamp duty for properties valued at 4 million HKD or below to 100 HKD, which is bullish for the atmosphere of the Hong Kong real estate market; however, several new developments have taken advantage of the situation to launch sales, and some eager sellers have lowered their prices, resulting in an increase in discounted listings and a decline in the confidence index.
Hong Kong stock morning report | Institutions say the recent foreign capital inflow is mainly driven by short-term flexible funds. Powell states that there is no urgency to cut interest rates until the impact of Trump's policies becomes clear.
① Putin is reportedly prepared to agree to a conditional ceasefire. ② Powell stated there is no rush to cut interest rates until the impact of Trump's policies is clear. ③ HAITONG SEC mentioned that foreign capital is currently returning to the Chinese market in stages, mainly in a short-term flexible form. ④ FOURTH PARADIGM jointly released the SageOneIA integrated machine with Huawei.
