Henderson Land's William Fung: The Henderson has achieved a 95% occupancy rate, and Phase I of Central Yards has leased out 70% of its floor area.

Henderson Land Development Company Limited (00012.HK) Executive Director and Chief Financial Officer Peter Fung stated that The Henderson has achieved a 95% occupancy rate, unaffected by the recent downturn in the commercial real estate market, with hedge funds emerging as a new source of tenants. He noted that demand for Grade A office space rebounded in the first quarter of this year, though limited to premium projects in Central. The first phase of Central Yards, currently under development by Henderson Land in Central, has already leased out 70% of its leasable area. He believes that upon completion of the first phase next year, market demand will be sufficient to absorb this additional supply.

AASTOCKSJul 10 15:13

《Major Brokerage》Citi remains positive on the medium-term prospects of local property developers, with top picks being Swire Properties (01972.HK), Sun Hung Kai Properties (00016.HK), CK Asset Holdings (01113.HK), and Link REIT (00823.HK).

Citi published a research report indicating that it expects the first-half 2026 earnings of Hong Kong property stocks to improve, primarily benefiting from: (1) development property profit margins rebounding to a range of 13%–18%, up from 3%–8% in the first half of 2025; (2) strong sales revenue recognition; (3) a return to positive rental reversion in mainland China retail portfolios; and (4) improved financing costs due to debt reduction. The bank anticipates dividend growth for Swire Properties (01972.HK) and Hongkong Land, while Sun Hung Kai Properties (00016.HK) and CK Asset Holdings (01113.HK) are expected to maintain dividends in line with their preset payout ratios and earnings-per-share growth. Citi remains positive on improving cash flows and shareholder returns.

AASTOCKSJul 10 15:08

Major Brokerage: Citi's Investment Ratings and Target Prices for Hong Kong Property Stocks (Table)

Citi published a research report listing the investment ratings and target prices for Hong Kong property stocks as follows: Stock | Investment Rating | Target Price (HKD) Wharf Holdings Limited (00004.HK) | Sell | HK$21.15 Henderson Land Development Co., Ltd. (00012.HK) | Buy | HK$34.20 Hysan Development Company Limited (00014.HK) | Buy | HK$24.30 Sun Hung Kai Properties Limited (00016.HK) | Buy | HK$168.00 New World Development Company Limited (00017.HK) | Neutral | HK$11.32 Sino Land Company Limited (00083.HK)

AASTOCKSJul 10 14:37

Henderson Land Development Stock Slips 2.4% in Hong Kong

Dow JonesJul 9 16:32

Major Brokerage: HSBC Research – Hong Kong property market gains expected to stabilize in the second half; remains positive on Sun Hung Kai Properties (00016.HK) and Sino Land (00083.HK)

HSBC Research stated in a report that Hong Kong's residential property market has performed strongly in the first half of this year, with prices rising approximately 10% to date—surpassing its initial full-year forecast of 7% growth—supported primarily by improved owner-occupier demand, reduced inventory, and a favorable interest rate environment. The bank expects the current upcycle in the property market to persist, though price gains are anticipated to moderate in the second half of the year. Accordingly, it has revised its annual residential price growth forecasts for 2026, 2027, and 2028 to 10%, 6%, and 5%, respectively (previously 7% per annum for all three years). The bank noted that the structural upcycle in Hong Kong’s residential market remains intact, with improving supply-demand dynamics and enhanced earnings visibility.

AASTOCKSJul 8 15:50

New Launch: First Coast in Hung Hom has sold a cumulative total of 659 units, raising HK$5.6 billion.

Since its launch, The Premiere in Hung Hom—a joint development by Henderson Land (00012.HK), Hysan Development (00014.HK), and Empire Group—has sold 659 units, generating approximately HK$5.6 billion in proceeds, representing about 90% of the total saleable units. Additionally, Ms. Li Feiru, Deputy General Manager of Department (II) at Henderson Property Agency, stated that the residents’ clubhouse “Club Vic,” together with its landscaped area, spans over 50,000 square feet. Within it, the multi-functional fitness facility “Dong Neng Pavilion” features Hong Kong’s first official HYROX Training Club in a residential project, encompassing zones for high-intensity training, boxing, cardio exercises, and functional training.

AASTOCKSJul 6 14:47