No Data
No Data
According to Credit Suisse, the debt levels of highly indebted developers in Hong Kong have not significantly decreased, and the possibility of financial defaults among smaller developers cannot be ruled out.
Huang Zihao, Senior Vice President of the Financial Research Department of Furuye China, stated that the overall debt levels of heavily indebted developers in Hong Kong are similar to those in the past and have not declined significantly. However, short-term debts have decreased, reflecting that local Banks are more willing to negotiate. He pointed out that current profits of large developers in Hong Kong are under pressure. Considering the insufficient diversification of Business among small and medium-sized real estate developers in Hong Kong, limited project scales, and higher financing costs, it is believed that the situation they face will only worsen, and individual small developers may default on debts. Huang Zihao also indicated that the risk of debt default among large real estate developers in Hong Kong is not high. Although cash flows are under pressure, the overall value of Assets has still decreased.
Citi's investment rating and target price for local properties and House Rental Companies (table)
Citi released a research report, detailing the investment ratings and Target Prices for property and House Rental Companies as follows: Stock | Investment Rating | Target Price (HKD) WHARF HOLDINGS (00004.HK) | Sell | 18.8 HKD HENDERSON LAND (00012.HK) | Buy | 25.6 HKD HYSAN DEV (00014.HK) | Buy | 14 HKD SHK PPT (00016.HK) | Buy | 88.8 HKD NEW WORLD DEV (00017.HK) | Sell | 4 HKD SINO LAND (00083.HK) | Buy
Citi from "The Big Firms" reported that tariffs have a negative impact on Hong Kong's office and Retail Trade, indirectly affecting the Residence market.
Citigroup published a research report indicating that tariffs have a negative impact on Hong Kong's office and retail Industries, which indirectly affects the Residence market. The report mentioned that geopolitical risks and concerns related to Hong Kong's involvement in the Sino-US tension may lead to the migration of enterprises and capital. In an environment of deglobalization and the search for ShenZhen New Industries Biomedical Engineering, Hong Kong needs to restructure its position as a "super connector". The report also pointed out that with high vacancy rates and reduced demand leading to a decline in rental prices, the burden of interest is very important for commercial Real Estate. The decrease in the value of retail and office commercial Real Estate negatively affects equity value and also causes unease among Banks, and due to the wind.
In "Kowloon Hills," there were four transactions recorded in the past year, with subdivided apartments being auctioned for nearly 0.23 billion yuan.
The "Mont Verra" (developed by KERRY PPT (00683.HK)) in Kowloon Mid-Levels continues to see transactions, with the successful sale yesterday (9th) of the 5th floor A unit of Block 1 through a bidding process. This follows the sale of the 3rd floor A unit of Block 5 in March. The recently sold unit is the 5th floor A unit of Block 1 at "Mont Verra". It has a usable area of 4,253 square feet and consists of four bedrooms, four en-suites, plus two domestic helper's rooms, selling for 0.2275 billion yuan, with an average usable area price of about 53,492 yuan per square foot. The mentioned unit's Fill Price includes one residential parking space. The project to date.
According to "Hong Kong Tower" by Gao Li: The vacancy rate of Hong Kong's residential properties is expected to continue rising, and rents may drop further by 10%.
Colliers released the first quarter report on the Hong Kong Real Estate market, pointing out that due to the expected interest rate cuts, challenges and opportunities coexist in Hong Kong's property market this year. As companies have limited desire to expand office space, net demand for Grade A office space slightly decreased in the first quarter, with overall rents falling by 3% quarterly to 47.2 HKD per square foot. In the core areas of Central and Admiralty, rental levels decreased by 3.8% quarterly, a larger drop compared to other sub-markets. Demand has shifted towards smaller office spaces, with 65% of new leases for Grade A offices in the first quarter involving net floor areas of 4,000 square feet or less. The vacancy rate for offices in Hong Kong reached
The investment ratings and Target Prices for local real estate stocks by Bank of America Securities (Table).
Merrill Lynch has released a research report, listing the investment ratings and target prices for local real estate stocks as follows: Stock | Investment Rating | Target Price (HKD) (Adjustment) SHK PPT (00016.HK) | Neutral | 80 HKD CK ASSET (01113.HK) | Neutral | 32.5 HKD (-7%) Henderson Land (00012.HK) | Neutral | 22.7 HKD (-3%) NEW WORLD DEV (00017.HK) | Underperform | 3.4 HKD SINO LAND (00083.HK) | Neutral | 8.3 HKD