In 2022, the registration of new private residential properties in "Hong Kong Tower" increased by 58% to 16,200 cases, reaching a three-year high. Lijia Pavilion: This year, the challenge is to reach 18,000 cases.

According to the integration of land registry data by Lijiaige, there were a total of 16,206 registrations for first-hand private residential transactions across Hong Kong in 2024, reflecting a year-on-year increase of 58%, marking two consecutive years of growth and reaching the highest level in nearly three years. The total transaction value during this period recorded 205.856 billion yuan, also a year-on-year growth of 59%, the highest in nearly three years; while last year's average sale price for each first-hand private residence registration was about 12.7025 million yuan, which saw a slight increase of 0.8% year-on-year, also the highest in nearly three years. The head of the research department, Chen Haichao, stated that the favorable news driven by the withdrawal of cooling measures, central government bailouts, interest rate cuts, and relaxed mortgage policies, combined with developers maintaining aggressive initial pricing to capture market share, has led to this trend in first-hand private residen

AASTOCKS16:33

Higher Chance of Fed Cuts Could Bode Well for Hong Kong Property Stocks -- Market Talk

WSJ15:35

Bank of America Securities downgraded New World Development (00016.HK) to "Neutral" and lowered the Target Price to 80 dollars.

Bank of America Securities has released a report stating that it believes New World Development (00016.HK) will not see an increase in dividend per share in the fiscal year 2025 to 2026, and thus has downgraded the company's rating from "Buy" to "Neutral", with the Target Price reduced from 93 to 80 HKD. The bank noted that New World Development is currently valued at a 64% discount to its net asset value per share, but in a high interest rate environment, it believes there is limited room for further compression of its dividend yield (5.3%). Bank of America Securities has also lowered its earnings per share forecast for New World Development for the fiscal year 2026 to 2027 by 4%, mainly because the selling price of its key project, Sky Mansion, is lower than expected.

AASTOCKS09:36

Gao Li: It is expected that Hong Kong's property prices will remain stable in the first half of the year.

According to Gao Li, Hong Kong property prices are expected to remain stable in the first half of 2025.

Zhitong FinanceJan 15 17:14

New World Development (00016.HK) is selling a top-floor特色 unit at "Guangzhou South Railway Station ICC-Junluan" for 12 million yuan, which is 0.074 million yuan per square meter.

SHK PPT (00016) sold a top-floor distinctive unit in Area D of "Guangzhou South Station ICC . Junluan" for 12 million yuan, with a construction area of approximately 1,744 square feet and a ceiling height of about 3.6 meters, resulting in an effective price of 0.074 million yuan per square meter. The company stated that the buyer is a Hong Kong resident who works and frequently resides in Guangzhou. The buyer had also previously purchased a four-bedroom unit in Area B of the same project for personal use.

AASTOCKSJan 15 15:48

New Horizon (00016.HK) expects that foot traffic in shopping malls during this year's Lunar New Year will increase double digits year-on-year.

The assistant general manager (promotions) of New World Development's leasing department, Feng Yingxin, pointed out that the apm shopping mall in Kwun Tong, under New World Development (00016.HK), invested over 9 million HKD in promotional expenses this Chinese New Year, an increase of about 10% compared to the same period last year. It is expected that during the promotional period from January 17 to February 16, the mall's foot traffic will rise double digits compared to the same period last year, and sales are also anticipated to grow by about 10% compared to last year, with mobile and electronic products, festive gifts, and specialty Dining being the biggest beneficiaries. She noted that this year's Lunar New Year is closer to Christmas and New Year's Eve, believing that consumer sentiment can be sustained. She mentioned that Dining trends in the mall are stable, with long queues observed on weekends, but consumer spending patterns are.

AASTOCKSJan 15 14:36