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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.
Hong Kong stocks fluctuated | SINO-OCEAN SERV (06677) is currently up over 8% as related party Overseas debt restructuring has made progress, and institutions state that the certainty of project delivery is expected to strengthen.
SINO-OCEAN SERV (06677) is currently up over 8%, as of the time of writing, it has risen by 8.2% to 0.66 Hong Kong dollars, with a transaction volume of 1.6742 million Hong Kong dollars.
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.
SINO-OCEAN SERV (06677.HK) will hold a board meeting on March 24 to approve the annual performance.
Gelonghui reported on March 12 that SINO-OCEAN SERV (06677.HK) announced that the company will hold a board meeting on March 24, 2025, to approve the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and its publication, and to consider the proposal for the distribution of final dividends (if any).
SINO-OCEAN SERV: DATE OF BOARD MEETING
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.
With A 32% Price Drop For Sino-Ocean Service Holding Limited (HKG:6677) You'll Still Get What You Pay For
