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<Research>UBS Survey Shows Reduced Pessimism Among HKers Towards Property Mkt, Basic Demand Can Stay Healthy w/ Flattish Property Prices This Yr
Recommend 14 Positive 19 Negative 13 |
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According to a report issued by UBS, the UBS Evidence Lab conducted a Hong Kong consumer sentiment survey in early December 2024 with about 1,000 Hong Kong residents. The survey found an improvement in Hong Kong residents' willingness to purchase property. The proportion of respondents indicating they might buy property in the next one to two years increased by 5 ppts YoY to 23%, while the long-term pessimism towards property prices also decreased compared to last year. In UBS' opinion, the survey results have reflected that the basic demand in the Hong Kong residential market can stay healthy with Hong Kong property prices expected to remain flattish YoY this year. Among Hong Kong developers and landlords under its coverage, UBS continued to favor SWIREPROPERTIES (01972.HK), Hongkong Land, KERRY PPT (00683.HK), and HENDERSON LAND (00012.HK), all rated as Buy. Meanwhile, it maintained a cautious view on NEW WORLD DEV (00017.HK), MTR CORPORATION (00066.HK), and HYSAN DEV (00014.HK). AAStocks Financial News |
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