The first round of sales for Phase 2 of One Mall in To Kwa Wan and The Forma in Tsuen Wan has been fully sold out, with multiple projects launching additional units.

This past weekend, newly launched property projects in Hong Kong performed robustly in sales. Notably, the second phase of The MUSEA in To Kwa Wan and The Wings in Tsuen Wan were fully sold out in their first round of sales, with each subsequently launching an additional 50 and 55 units respectively. Meanwhile, the secondary housing market saw its customer base drawn towards primary properties, leading to a general decline in transactions across the top ten housing estates on a week-over-week basis. Henderson Land Development (00012.HK) initiated the first round of sales for the second phase of The MUSEA in To Kwa Wan last Saturday, successfully securing full subscriptions for all 150 units. Among these, the largest transaction involved a purchase worth over HK$110 million, acquiring all 15 units on the 5th floor and one unit on the 6th floor, totaling 16 units. The buyer, a Hong Kong resident, expressed strong confidence in the project’s prime location, brand reputation, and superior quality, anticipating fa

AASTOCKS10:02

Morgan Stanley's rating: It is expected that Henderson Land Development's stock price will outperform the broader market in the next 60 days, with a target price of HKD 37.

Morgan Stanley issued a research report predicting that the share price of Henderson Land will rise relative to the relevant index over the next 60 days, with a probability exceeding 80%. The firm believes Henderson Land will be one of the key beneficiaries of the rising property price cycle and the declining interest rate cycle. Henderson Land has cut its dividend by 30% for the fiscal year 2025, but Morgan Stanley expects that the current dividend level can be maintained due to earnings support. Profit margins in Hong Kong's property development sector have bottomed out in 2025, and it is anticipated that they will improve in 2026, benefiting from the high-margin project, Tian Yu (in which Henderson Land holds a 65% stake with a profit margin exceeding 50%). The Henderson office building in Central is expected to...

Gelonghui FinanceMay 9 11:00 · Ratings

The second phase of Yimoo in To Kwa Wan has received approximately 3,500 ballots, representing an oversubscription rate of more than 22 times.

As of 8 p.m. yesterday (July 7), the second phase of Henderson Land’s (00012.HK) To Kwa Wan project, The Murals, had accumulated approximately 3,500 registration tickets. With the initial price list offering 150 units, this represents an oversubscription of more than 22 times. The project will offer 150 units for sale via price list on July 9, including 56 one-bedroom, 57 two-bedroom, 25 three-bedroom, and 12 three-bedroom suite units, with practical areas ranging from 265 to 512 square feet. Additionally, eight special units will be offered through a tender process on the same day.

AASTOCKSMay 8 09:59

Last month, two new property developments in Hong Kong applied for pre-sale approval, involving a total of 666 units. These include Phase 3 of 'Flower Language Sea' in Kai Tak and Phase 2 of 'The Shoreline' in Hung Hom.

The Lands Department announced that last month, two projects submitted applications for pre-sale, involving a total of 666 units, marking a 150% increase from the previous month. These include Phase 3 of Cheung Kong Property's (01113.HK) Kai Tak Floribunda and Phase 2 of Henderson Land's (00012.HK)-led Hung Hom The Shore. Among them, Phase 3 of Floribunda provides 282 units with an expected completion date by the end of September 2027, implying a presale period of approximately 17 months. Additionally, Phase 2 of The Shore, which corresponds to the development’s Block 3, offers 384 units with an expected completion date by the end of August 2027, reflecting a presale period of about 16 months.

AASTOCKSMay 8 09:32

Goldman Sachs: Positive trends in Hong Kong's retail sector, with a 10% increase in visitor numbers during the Golden Week.

Goldman Sachs issued a report stating that inbound tourist arrivals in Hong Kong during the Golden Week recorded robust growth, increasing by 10% year-on-year to a total of 1.19 million visitors, surpassing the government's forecast by three percentage points. Coupled with a decrease in outbound travel by local residents, which dropped by 11% year-on-year due to the overlap of Labor Day and the Buddha’s Birthday holidays last year creating a high base, this reduction in external consumption outflows, along with a strong recovery in the property market, is also expected to support overall consumer sentiment. Meanwhile, industry commentary suggests that retail sales may achieve sustainable double-digit growth driven by high-end categories. The report noted that New World Development’s (00017.HK) flagship Tsim Sha Tsui mall, K11…

AASTOCKSMay 7 16:00

The second phase of Yimuu in Tsim Sha Tsui Bay has received approximately 3,000 ballots, representing an oversubscription rate of 19 times.

Henderson Land Development (00012.HK)'s second phase of the To Kwa Wan One Homantin project had received approximately 3,000 tickets as of 8:00 PM yesterday (6th), representing an oversubscription of about 19 times based on the first batch of 150 units available for sale. The project will offer 150 units for sale via a price list this Saturday (9th), comprising 56 one-bedroom, 57 two-bedroom, 25 three-bedroom, and 12 three-bedroom suites, with practical areas ranging from 291 to 558 square feet. Additionally, eight special units will be offered for tender on the same day.

AASTOCKSMay 7 09:49