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2026-06-29 10:56:10 Despite pressure on market sentiment due to tighter cross-border capital supervision, Hong Kong's residential property market continues to recover, HSBC Global Investment Research said in a report. According to Midland Realty data, transaction activity in both the primary and secondary markets has improved. Primary transaction volume in 2026 was expected to increase 15% YoY to about 23,000 units, while secondary transaction volume was forecast to reach a five-year high, rising 19% YoY. Current residential property prices have rebounded about 17% from the trough in 2025 and have grossed a 10% gain year to date. HSBC Global Investment Research expected the uptrend in Hong Kong's property market to persist. Although investor sentiment may remain weak in the near term, population inflows and improving supply dynamics will provide support to the real estate sector. Among developers, the broker kept Buy ratings on SHK PPT (00016.HK), HENDERSON LAND (00012.HK) and SINO LAND (00083.HK). SHK PPT offers better earnings and dividend growth prospects, with TP maintained at HKD150.6. SINO LAND is benefiting from active land bank replenishment and improving earnings prospects, with TP maintained at HKD14.4. HENDERSON LAND's business has bottomed out, with improving property sales and lower borrowing costs, and its TP is maintained at HKD35.8. ~ AASTOCKS Financial News Website: www.aastocks.com | |