JPMorgan: Green shoots have emerged in mainland real estate stocks, with potential to replicate Hong Kong's property market recovery.

JPMorgan compared the current market conditions of mainland real estate stocks to the "green shoot" starting point of Hong Kong-listed real estate in April 2025—when Hong Kong-listed real estate subsequently surged by 84%. Mainland real estate is still in the early rebound phase of the "green shoot," with approximately 20% upside potential remaining. This round of market performance is state-owned enterprise-led and fundamentally driven, making it more "authentic." On the same day, HSBC also raised its target price for China Resources Land to HKD 43.80. Both institutions believe that it is not too late to enter the market now.

wallstreetcnMay 7 22:03

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

New World (00017.HK) rose over 4%, stating that various assets are occasionally subject to acquisition inquiries, but no agreements requiring disclosure have been reached.

New World Development (00017.HK) opened flat today (6th) but trended higher subsequently, reaching a high of HKD 9.25. It is currently trading at HKD 9.20, up 4.55%, with a turnover of 8.0466 million shares and a total transaction value of HKD 72.2028 million. Market sources indicate that New World is in negotiations to sell a 50% stake in a portfolio of three Hong Kong hotels, with an estimated total valuation of approximately USD 2 billion. The potential buyer is Singapore-based real estate management firm Aravest, backed by SMFL under Sumitomo Mitsui Financial Group. New World clarified that while there are potential buyers who occasionally approach the company regarding various assets (including Hong Kong hotel properties), no agreement has been reached thus far.

AASTOCKSMay 6 11:22

K11 MUSEA reported a 125% increase in tourist spending during the first four days of the May Day Golden Week. Adrian Cheng, representative of New World Development (00017.HK), stated: 'We will continue to drive brand upgrades.'

New World Development (00017.HK) stated that during this year's May Day Golden Week, K11 MUSEA, under the Group, successfully enhanced visitor spending intent and stimulated sales growth driven by its brand upgrade initiative. According to the Group’s statistics, over the first four days of the May Day Golden Week, tourist spending at K11 MUSEA increased 1.25 times year-on-year, with the largest single transaction nearing HKD 2 million. Among various merchant categories, international luxury brands continued to exhibit strong performance, with sales surging nearly threefold year-on-year, while watch and jewelry brands also rose close to 90% year-on-year. Additionally, general retail categories such as cosmetics and sports products, as well as newly opened restaurants, recorded double-digit annual growth.

AASTOCKSMay 6 10:24

Sun Hung Kai Properties (00017.HK) is considering selling a 20% stake in its Hong Kong hotel portfolio, valued at approximately USD 2 billion.

Bloomberg reported, citing sources, that New World Development (00017.HK) is in negotiations to sell a 50% stake in a portfolio of three Hong Kong hotels for a total valuation of approximately USD 2 billion. The potential buyer is Singapore-based real estate management firm Aravest, backed by SMFL under Sumitomo Mitsui Financial Group. The portfolio reportedly includes the Grand Hyatt Hong Kong, Renaissance Harbour View Hotel, and Hyatt Regency Hong Kong, Tsim Sha Tsui, with the Abu Dhabi Investment Authority holding the other 50% stake. Sources indicate that the negotiations are ongoing, and the transaction is expected to generate approximately USD 300 million in cash proceeds for New World Development after deducting debt.

AASTOCKSMay 5 15:38

New Launch: Phase III of Grandeur Riverfront Residences in Tai Wai releases five additional three-bedroom river view units for tender sale starting Friday.

New World Development (00017.HK) and MTR Corporation (00066.HK) have jointly developed the Phase III of Tai Wai's Park Yoho Napoli. Yesterday (4th), a new sales arrangement was uploaded, launching five additional three-bedroom units with practical areas ranging from 697 to 822 square feet, which will be put up for sale via tender starting Friday (8th). Two units were sold recently, including Unit C on the 10th floor of Block 8A, with a practical area of 822 square feet, featuring a design of three bedrooms, one en-suite, plus a storeroom. It was sold via tender at a transaction price of HK$21.865 million, or approximately HK$26,600 per square foot. Another unit, Unit D on the 45th floor of Block 8B, has a practical area of 472 square feet.

AASTOCKSMay 5 10:10