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<Research>HSBC Research: HK Property Sector's Worst Cycle Over; Home Prices Expected to Hike 2%/ 3% in 2025/ 2026
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HSBC Global Research issued a research report believing that the worst cycle for Hong Kong's real estate market is now over. NEW WORLD DEV (00017.HK) (NDVLY.US) successfully refinanced $88 billion, alleviating investors' concerns about potential ripple effects in the property market, such as price competition at new projects. Furthermore, recent activity in the office sector in Central has brought positive surprises, including Jane Street leasing 70% of a new large-scale building in Central (six floors) and HKEX (00388.HK) purchasing nine floors of Once Exchange Square. HSBC Global Research forecasted that Hong Kong property prices will rise by 2% in 2025 and another 3% in 2026, with primary home sales volume expected to increase by 7% YoY to 18,000 units in 2025. Meanwhile, the broker anticipated that developers' prospects will also improve. The reasons for the improvement include lower borrowing rates should improve developers' DPS and EPS outlook, etc.. AAStocks Financial News Website: www.aastocks.com |
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