In June, the prices of domestic property stocks outperformed the market. Has the Hong Kong real estate market returned?

Shanghai New World has cooled down, a new era has begun.

Gelonghui FinanceJul 7 13:46

The first round of sales for Phase 3A of NOVO LAND in Tuen Mun has been sold out today. The first offering at No. 9 East Street includes 30 units starting at a discounted price of approximately 4.705 million.

Last weekend, the sales of new properties continued, with the first round of sales for Tuen Mun NOVO LAND Phase 3A selling out the same day. The developer immediately launched an additional 126 units, with the next round of sales scheduled for this Wednesday (9th). Additionally, the first launch of 30 units at No. 9 East Street, Sai Ying Pun, has a discounted selling price starting at approximately 4.705 million. The secondary market also performed well, with the transaction numbers for the top ten housing estates from the four major agencies generally rising week on week. The first round of sales for Tuen Mun NOVO LAND Phase 3A, under New World Development (00016.HK), took place last Saturday (5th), selling out all 160 units offered at the listed prices. A group of large clients from Group A purchased a significant number of units.

AASTOCKSJul 7 10:25

Express News | The Ministry of Housing and Urban-Rural Development: Continuously solidifying the stable situation of the Real Estate market.

BreakingsJul 4 20:16

UBS Group: The trial implementation of the policy for vehicles from Guangdong heading south will directly benefit the retail industry in Hong Kong.

UBS Group released a research report stating that the Hong Kong government will trial the policy of allowing vehicles from Guangdong to enter with a daily quota of 100 reservations. Since these vehicles will enter through the Hong Kong-Zhuhai-Macao Bridge, it is expected to primarily target residents from the western part of the Greater Bay Area, including Zhuhai and Zhongshan, which is believed will bring new customers to Hong Kong. Referring to the fact that one in every five Hong Kong vehicles participates in the northern travel quotas, the bank estimates that the demand for southern entry may be equally strong. UBS Group indicated that currently, travelers entering via the Hong Kong-Zhuhai-Macao Bridge only account for 7% of the total number of Mainland visitors to Hong Kong, significantly lower than the proportions through the High-speed Rail, Lok Ma Chau, Luohu, and Shenzhen Bay, reflecting that the existing sources of tourists are concentrated in the eastern part of the Greater Bay Area and Guangzhou.

AASTOCKSJul 4 10:04

Cushman & Wakefield maintains its forecast of a maximum 9% decline in office rents for the whole year, and expects rental prices for first-tier street shops and dining to remain generally stable in the second half of the year.

RICS Hong Kong's Managing Director, Xiao Lianghui, pointed out that the overall vacancy rate of office buildings in Hong Kong remained stable in the second quarter, recording 19.3%. However, the net absorption decreased by half compared to the previous quarter to 71,400 square feet. At the same time, the large potential supply continues to suppress rent, resulting in a further 1% decrease in overall rent for the second quarter, bringing the cumulative decline for the first half of the year to 3.4%. Xiao Lianghui stated that the amount raised by initial public offerings (IPOs) on the HKEX in the first half of the year reclaimed the top position globally, and with more companies from mainland China listing in Hong Kong, it is expected to further boost sentiment in the office market and drive rental demand in related industries such as banking finance and Professional Services.

AASTOCKSJul 3 15:59

According to Savills, it is expected that the annual fluctuation of property prices in Hong Kong will remain within a range of plus or minus 3%, with a recovery in demand for small and medium-sized properties.

Deloitte's Executive Director and Head of Hong Kong Research, Deng Shuxian, stated that the atmosphere in the residential market continues to improve in the second quarter of this year. As the Hong Kong Interbank Offered Rate (HIBOR) declined and remained at relatively low levels during the quarter, this helps to reduce mortgage and entry costs, providing favorable conditions for buyers to enter the market. At the same time, developers are seizing the opportunity to launch new projects and attract buyers with competitive pricing strategies, which have invigorated the primary market significantly, leading to a continued high overall Volume of residential transactions. According to Deloitte's estimates, the total number of residential sale and purchase agreements in the second quarter is expected to reach approximately 15,900, an increase of about 30% compared to the previous quarter. Looking ahead, despite global uncertainties...

AASTOCKSJul 3 15:57