Sun Hung Kai Properties (00016.HK) has received approval from the Planning Department to relax height restrictions on the Plot 106B in Tung Chung, allowing for the construction of 745 residential units.

Sun Hung Kai Properties (00016.HK) acquired the 'Tung Chung Area 106B' waterfront residential land last year for HKD 602 million. Recently, the company relocated the underground parking lot back to the ground level and applied to the Town Planning Board for a relaxation of the height restriction by approximately 10% to 77 meters (above the Principal Datum). The Planning Department has expressed no objection; the Town Planning Board will review the application tomorrow (August 8), which is expected to be approved. The above-mentioned residential plot is Lot No. 55 in Tung Chung Area 106B on Lantau Island, with a site area of 114,600 square feet. The group plans to develop the site at a plot ratio not exceeding 3.5 times, requesting an increase in building height from 70 meters.

AASTOCKSMay 7 16:57

CSC Financial: The real estate market is moving towards the goal of stabilizing and reversing the downturn, with a positive outlook on three细分directions within the real estate sector.

We are optimistic about three细分 directions within the real estate sector: the continued rise of Hong Kong's real estate market, high-quality operations in commercial real estate, and the early recovery of mainland-focused core city developers and intermediaries.

Zhitong FinanceMay 7 16:36

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

Sun Hung Kai Properties Stock Advances 1.8% in Hong Kong

Dow JonesMay 4 16:32

Citi: Maintains an 8% increase forecast for Hong Kong property prices, favoring three major real estate stocks.

Citi's micro survey shows that the retail sector is under price and profit pressure due to cross-border shopping and competition.

Zhitong FinanceMay 4 11:50

Morgan Stanley has raised its forecast for Hong Kong's property price growth this year to 12%, upgrading its ratings for Henderson Land (00012.HK) and Link REIT (00823.HK) to "Overweight".

Morgan Stanley issued a research report stating that Hong Kong residential property prices have risen by 7.7% year-to-date. The firm has raised its forecast for residential property price growth this year from 10% to 12% and expects a further 5% increase by 2027. The report suggests that the residential market has entered a new upward cycle, supported by favorable demand and supply fundamentals, as well as inflows of capital and talent from the Middle East and mainland China. Beyond the residential market, Morgan Stanley believes the recovery momentum has extended to office and retail segments. Central office rents have rebounded by 3.8% year-to-date, with vacancy rates falling to 9.6%, improving by 1.9 percentage points year-on-year. The firm anticipates that rents in the Central district will continue to rise.

AASTOCKSMay 4 11:05