Citi raises full-year Hong Kong property price forecast to 12% gain, recommends Swire Properties (01972.HK), Link REIT (00823.HK), and Sun Hung Kai Properties (00016.HK).

Citi stated that with the number of units available for sale at a four-year low, it expects home prices to rise by 12% in 2026, following a 10.6% increase so far this year (up from its previous forecast of 8%). It also forecasts a further 6% price gain in 2027, though prices would still remain 11% below their historical peak. Meanwhile, the vacancy rate for Grade A office space in Central has fallen to a three-year low, supporting the bank’s upward revision of its 2026 rental growth forecast to 3%, from the prior estimate of 2%. Retail sales rose 11% year-on-year in the first five months of this year, and street-level shop vacancy rates are at a two-year low, both of which underpin Citi’s forecast for flat retail spot rents in 2026. This outlook is based on better-than-expected retail

AASTOCKSJul 21 17:40

The occupancy rate of Cheung Kong Centre Phase II is reported to have risen to 60%, and is expected to reach at least 75% by year-end.

According to sources cited by Bloomberg, CK Asset Holdings (01113.HK) has seen the occupancy rate of its newly completed Two Pacific Place in Central—delivered in 2024—double to approximately 60% since the beginning of this year, benefiting from an economic upturn that has prompted financial firms to upgrade and expand their office space. One of the sources indicated that CK Asset Holdings expects the building’s stabilized occupancy rate to reach at least 75%. The rising occupancy reflects the recovery of Hong Kong’s commercial property market. The 41-story tower was completed two years ago during the city’s most severe downturn, when only about 10% of its floor area had been leased. According to JLL data, Grade A office rents in Central...

AASTOCKSJul 21 11:27

HSBC Research: Hong Kong property stocks show improving fundamentals; initiates 'Buy' ratings on Hysan Development (00014.HK) and Swire Properties (01972.HK)

HSBC Research issued a report noting that the fundamentals of Hong Kong’s property and conglomerate sector are improving, supported by stronger property sales, stabilizing rental income, asset monetization activities, and lower borrowing costs. The firm expects sector earnings to improve year-on-year, extending the recovery momentum. HSBC Research highlighted that all 138 units in the first batch of Sun Hung Kai Properties’ (00016.HK) Yuen Long project 'The Regency' were sold out over the past weekend, reflecting resilient owner-occupier demand. However, it anticipates that near-term residential transaction volumes will remain subdued, which could weigh on market sentiment. HSBC Research believes that property stocks’ dividends per share are likely to increase, alongside expected growth in rents from premium shopping malls and residential sales margins.

AASTOCKSJul 21 10:48

New World Development (00016.HK) has launched an additional 60 units at The Garden in Kam Tin, Yuen Long, with a discounted average price of HK$13,566 per square foot.

Sun Hung Kai Properties (00016.HK) released Price List No. 4 yesterday (20th) for its residential project The Zenith in Kam Tin, Yuen Long, launching another 60 units onto the market. The units comprise eight one-bedroom and 52 two-bedroom units, with saleable areas ranging from 290 to 413 square feet. The average discounted price per square foot is HK$13,566, representing an addition at original prices. The lowest-priced units are Unit H and Unit J on the 5th floor of Block 1, each with a saleable area of 290 square feet and a one-bedroom layout, priced at HK$4.0165 million after discount. The units with the lowest price per square foot are Unit A and Unit D on the 5th floor of Block 1, with saleable areas of 410 square feet and...

AASTOCKSJul 21 09:09

New Launch: A four-bedroom, two-en-suite unit at Kai Tak's The Pavilia Bay sold for nearly HK$71 million, fetching over HK$50,000 per square foot.

Sun Hung Kai Properties (00016.HK) announced that a tender sale was concluded today (20th) for The Pavilia Bay in Kai Tak, marking the third transaction within eight days. The unit sold is Unit B on the 19th floor of Tower 1, with an internal area of 1,408 sq ft and a four-bedroom dual-en-suite layout. The transaction amount was HK$709.732 million, equivalent to HK$50,407 per sq ft. Since the project’s launch as a completed development, a total of 43 units have been sold, generating proceeds exceeding HK$2.84 billion.

AASTOCKSJul 20 17:18

New Launch: Yuen Long Kam Tin's The Grand YOHO may announce additional units for sale as early as tomorrow, with a higher likelihood of holding its second round of sales this weekend.

Sun Hung Kai Properties (00016.HK) has sold a total of 139 units at The Millennity in Kam Tin, Yuen Long, raising nearly HK$740 million. Ms. Cheung Cheuk Sau-mei, General Manager of Sun Hung Kai’s Agency Division, stated that there is a possibility of launching additional units and announcing a new sales arrangement tomorrow (21st), with a strong likelihood of commencing a new round of sales over the weekend. Additionally, certain individual units may be offered via tender. Today, the developer unveiled a new show flat modeled after Unit G on the 12th floor of Block 1, a two-bedroom layout with a usable area of 404 square feet.

AASTOCKSJul 20 14:44