HK - Housing 04 (Apr 16 - Dec 19)

Re: HK - Housing 04 (Apr 16 - Dec 18)

Postby behappyalways » Sat Sep 15, 2018 4:16 pm

Hong Kong housing correction of 15% possible, Gaw Capital says
https://www.theedgesingapore.com/hong-k ... pital-says
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19755
Joined: Wed Oct 15, 2008 4:43 pm

Re: HK - Housing 04 (Apr 16 - Dec 18)

Postby behappyalways » Sat Sep 22, 2018 6:03 pm

Hong Kong Property Developers Sell Low on Rate Hike, More Supply
https://www.bloomberg.com/news/articles ... emium-asia
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19755
Joined: Wed Oct 15, 2008 4:43 pm

Re: HK - Housing 04 (Apr 16 - Dec 18)

Postby winston » Fri Sep 28, 2018 7:31 am

Homeowners slash prices by up to 16 per cent as ‘fear’ grips Hong Kong in wake of prime rate hike

Higher mortgage rated unveiled by 11 local banks were followed by at least five homes being unloaded at discounts of up to 16 per cent on Thursday

Source: SCMP

https://www.scmp.com/property/hong-kong ... -kong-wake
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100685
Joined: Wed May 07, 2008 9:28 am

Re: HK - Housing 04 (Apr 16 - Dec 18)

Postby winston » Fri Sep 28, 2018 7:43 am

Father-son team herald a New World order

by Ivan Tong

I wrote a blog post in January this year about why Hong Kong property stocks would under-perform mainland property stocks.

There were two reasons this.

First, large southbound fund flows had a significant impact on the valuation of Hong Kong stocks and there was also a tendency by mainland investors to speculate on Chinese property stocks, which they are familiar with.

Another reason is that though local large-scale property developers have operated for decades, these conservative firms are facing a run-in period with the second-generation passing on the mantle to the third - and this is a change that the market needs time to digest and accept.

However, things change quickly.

In the last six months, southbound trade has seen signs of a decline and the risks for Chinese property stocks have increased.

Meanwhile, traditional Hong Kong property stocks have gradually become more valuable.

New World Development's (0017) full-year results ended June this year shows its net profit surged 204 percent to HK$23.3 billion, while its core profit reached HK$8 billion, up 12 percent yearly. Its property sales during the period was HK$24.7 billion, significantly better than expected.

As soon as the news broke, New World Development's shares rose 6 percent, and an important reason for this is that its ratings were raised by major investment houses.

Apart from this, many investors might have missed another equally important bit of news.

At the press conference, chairman Henry Cheng Kar-shun - who is gradually recovering from a stroke - kept talking about how he and his son Adrian Cheng Chi-Kong work together in the business - the father strategizing and the son executing - to demonstrate their perfect teamwork.

Adrian Cheng has focused on injecting innovative elements into the group in the past few years.

The K11 mall which he founded is a creative and imaginative brand that caters to young people.

It has successfully bridged the gap between the mainland and Hong Kong and has great potential in the Great Bay Area in the future.

In Hong Kong, the Victoria Dockside - an integrated commercial development formerly known as the New World Centre - will be completed soon.

Its annual rental income may exceed HK$2 billion, double the existing rental income of the company, according to the report of an investment firm.

New World Development's book profit doubled mainly due to the significant increase in the valuation of Victoria Dockside but the project will only start to generate income once it is completed in the coming year.

Many global fund managers who are not familiar with Hong Kong's market may be surprised that the valuation of Hong Kong property stocks remains low.

Now that US Federal Reserve has announced a rate hike, the Hongkong and Shanghai Banking Corporation has raised its interest rate by 0.125 percent as well as its prime rate for the first time in 12 years, with other banks following suit.

Also, a statement by the Fed shows that its monetary policy has changed from loose to neutral.

We still are waiting to see whether this could signal a rebound or is negative news for the property market.

However, the risks of investing in Chinese property stocks is increasing today.

A market rumor that the government will stop pre-sales of uncompleted flats has already caused the stock prices of mainland property firms to fluctuate widely.

Hong Kong property developers too are affected by changes in the property market but their overall financial situation is quite sound and stocks such as New World Development - which has a large and stable rental income and a very low gearing - should be a good choice for investors.

Source: The Standard

http://www.thestandard.com.hk/section-n ... r=20180928
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100685
Joined: Wed May 07, 2008 9:28 am

Re: HK - Housing 04 (Apr 16 - Dec 18)

Postby behappyalways » Tue Oct 09, 2018 6:06 pm

Hong Kong Banks Slash Property Valuations as Home Market Teeters
https://www.bloomberg.com/news/articles ... emium-asia
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19755
Joined: Wed Oct 15, 2008 4:43 pm

Re: HK - Housing 04 (Apr 16 - Dec 18)

Postby behappyalways » Tue Nov 06, 2018 1:39 pm

【蛋卷老店】西營盤30年老店難抵加租結業 齒來香:港鐵通車逼走好多老店
https://hk.lifestyle.appledaily.com/lif ... 6/58877895
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19755
Joined: Wed Oct 15, 2008 4:43 pm

Re: HK - Housing 04 (Apr 16 - Dec 18)

Postby behappyalways » Sun Nov 25, 2018 5:58 pm

【蘋聞重溫】上車必睇 | 凶宅入手指南 凶宅大王:「_之前要三思!」
https://hk.lifestyle.appledaily.com/lif ... 5/58948892
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19755
Joined: Wed Oct 15, 2008 4:43 pm

Re: HK - Housing 04 (Apr 16 - Dec 19)

Postby winston » Thu Dec 06, 2018 7:09 am

Property god warns of price fall

by Gary Poon

Hong Kong's 'God of Property' predicted that prices could slump by up to 30 per cent next year in the face of a deteriorating economy, as the one-month HIBOR soared to above 2 percent.

Justin Chiu Kwok-hung, the executive director of CK Asset (1113), said property prices in general are likely to fall between 10 and 20 per cent while prices of nano flats in far-flung districts could plunge by as much as 30 per cent.

He said around 4,000 to 5,000 nano flats are expected to go on the market over the next few years, and this would lead to a fall in their prices.

Chiu was elaborating on an earlier comment he made at a dinner event on Tuesday, when he said that property prices could fall by 25 to 30 percent.

He said property prices are high at present and while the ongoing Sino-US trade war is affecting Hong Kong's economy, the burden on mortgage holders will become heavier with the US Federal Reserve poised to increase interest rates further.

Meanwhile, Ricacorp Property forecast that property prices will fall at the beginning of next year but rise later with 5 percent rise for the whole year while Standard and Poor predicted that prices will drop 5 to 10 percent as the economy is slowing down.


Source: The Standard

http://www.thestandard.com.hk/section-n ... r=20181206
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100685
Joined: Wed May 07, 2008 9:28 am

Previous

Return to ASIA, OCEANIA & AFRICA: Data, News & Commentaries

Who is online

Users browsing this forum: No registered users and 3 guests