[Hong Kong Property] Palo Springs in North Kwu Tung sold 56 units in its first round, generating nearly HK$417 million. Ray Skyline I in Southwest Kowloon launched an additional 78 units, receiving over 18,000 registrations.

New property sales continued over the past weekend. The first round of sales for Palo Springs in Kwu Tung North sold 56 units, generating nearly HK$417 million in proceeds. Notably, a bulk buyer purchased four units in a single transaction, involving approximately HK$25.91 million. In Kowloon, Raye Cove I in Southwest Kowloon is scheduled to launch its first round of sales as early as this weekend. The project has received over 18,000 expressions of interest, representing a 99-fold oversubscription. An additional 78 units have been added to the offering, with effective prices starting from HK$5.926 million. In the secondary market, data from major agency firms indicates that transactions in the top ten residential estates remained at single-digit levels. Wheelock Properties' Park Silicon Phase II in Kwu Tung North

AASTOCKSAug 17 11:02

UBS Group: Policy on the renewal of commercial and industrial land leases in mainland China eliminates valuation uncertainty, with significant implications for Hong Kong developers

UBS Group published a research report stating that Guangzhou and Shanghai have successively announced formal policies regarding the renewal of land use rights for commercial and industrial purposes, marking the first time in mainland China that detailed renewal rules have been systematically established. The policy stipulates that the renewal fee shall be no less than 70% of the benchmark land price, with a maximum renewal term of 20 years. UBS Group believes this move eliminates uncertainties surrounding commercial property valuations, REIT spin-offs, and physical asset transactions, which is positive for the market. The report points out that the standard lease term for commercial land is generally 40 years; when the remaining term falls below 20 years, the depreciation of asset valuations accelerates. As Hong Kong developers entered the mainland market earlier, they hold properties with older building ages, therefore

AASTOCKSAug 13 12:15

[Major Banks] UBS Group expects Hong Kong property prices to remain broadly stable from the second half of this year through next year, noting that four key risks are not fully priced in and that the housing supply shortage is projected to last only four

UBS Group’s Investment Banking Research Division notes that the market has not fully priced in four key risks facing Hong Kong’s property sector, given that developer dividend yield spreads remain above historical averages. These risks include a jobless recovery, integration within the Guangdong-Hong Kong-Macao Greater Bay Area, housing supply in the Northern Metropolis, and a demographic shortfall. Leung Kin Ka, UBS’s real estate analyst for Greater China, pointed out that although GDP growth has reached 3% to 4% since 2024, new job creation has weakened significantly. Since 2023, employment opportunities for fresh graduates have dropped by more than 70%, while the youth unemployment rate has remained elevated at 7% to 8%. Improved cross-border transport links and reduced income visibility may further exacerbate...

AASTOCKSAug 13 11:52

JPMorgan: Maintains 'Overweight' rating on Swire Properties (01972.HK) with a target price of HK$30

The company's retail business in mainland China is expected to record year-over-year growth of more than 10% this year.

Zhitong FinanceAug 11 16:34 · Ratings

Swire Properties (01972.HK) Hong Kong-listed Company Information Update Report: Return to Positive Fair Value Drives Earnings Recovery; Mainland Retail Segment Shows Strong Rebound

Focusing on core-city assets and maintaining steady operations, we reaffirm the 'Buy' rating. Swire Properties released its interim results for 2026, with the company’s core narrative for H1 2026 being 'the certainty of growth in Mainland China retail offsetting the uncertainty in Hong Kong office properties.'

Kaiyuan SecuritiesAug 11 13:46

Goldman Sachs: Swire Properties (01972.HK) Interim Results Beat Expectations; Maintains 'Buy' Rating

Goldman Sachs published a research report stating that Swire Properties (01972.HK) reported a 36% year-on-year increase in recurring underlying net profit to HK$4.661 billion for the first half of the year, excluding gains from the disposal of non-core investment properties and revaluation gains on investment properties—outperforming both the firm’s and market expectations. This strong performance was primarily driven by a HK$1.2 billion profit from property development recognized upon the sale of two residential properties at 6 Deep Water Bay Road. The firm maintained its 'Buy' rating, slightly adjusting its 12-month target price from HK$30.70 to HK$30.30, based on a consistent 40% discount to net asset value. During the period, Swire Properties’ total revenue rose 8% year-on-year to HK$9.413 billion, while total rental income increased by 2% year-on-year to HK$6.6

AASTOCKSAug 10 12:04