HK - Housing 04 (Apr 16 - Jun 24)

[behappyalways]

英皇跑馬地劏房61呎　
或細絕全港
http://hk.apple.nextmedia.com/financees ... 1476967762


中環在線：湯文亮飛髮悟樓市見頂
http://hk.apple.nextmedia.com/financees ... 1476967762

[winston]

Hong Kong’s new flat supply to hit 93,000 over the next three to four years

by Peggy Sito

The potential supply of new flats in Hong Kong is expected to hit 93,000 over the next three to four years, according to latest estimate by the city’s Transport and Housing Bureau.

Source: SCMP

http://www.scmp.com/property/article/20 ... four-years

[winston]

HK home prices rise for 6th straight month in Sept - govt data

By Venus Wu

Source: Reuters

http://www.reuters.com/article/hongkong ... SL4N1D120B

[behappyalways]

零售續低迷　提早3個月投降　
Swatch旺角店賠錢退租
http://hk.apple.nextmedia.com/financees ... 1/19817688

[winston]

HNA Pays $1.1 Billion for Former Hong Kong Airport Site

by Frederik Balfour

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... rport-site

[winston]

Hong Kong more than doubles property stamp duty to 15 per cent to cool overheating market

The measures apply to individual and corporate non-first-time buyers effective on November 5.

Source: SCMP

http://www.scmp.com/property/hong-kong- ... -cent-cool

[winston]

Hong Kong Developers Tumble After Stamp Duty Hike

By Shuli Ren

The Hang Seng Property Index tumbled 3% after the government hiked stamp duty to cool down Hong Kong’s property market.

Sun Hung Kai Properties (16.Hong Kong) tumbled 5.6%, Sino Land (83.Hong Kong) dropped 5.2%, New World Development (17.Hong Kong) slipped 4.5%, Wheelock (20.Hong Kong) dropped 3.4%, Cheung Kong Property (1113.Hong Kong) was down 5%, Henderson Land (12.Hong Kong) dropped 3.1%.

Higher stamp duty may not cause Hong Kong’s home prices to tumble (for reasons why, see my earlier blog “Why Hong Kong’s New Stamp Duty May Not Send Home Prices Plunging“), but it sure will hurt transaction volume, which hurts developers.

Investors were indiscriminately selling this morning, but not all property developers are the same.

Sino Land, for instance, has the highest asset exposure to Hong Kong development property (30%), while Henderson has the least (16%). Meanwhile, CK Property may benefit from large office building sales.

Source: Barron's Asia

[winston]

<Research Report>BofAML's Ratings & TPs for HK Developers (Table)

The following is the investment ratings and target prices of property stocks of Bank of America Merrill Lynch:

Stock/ Investment Rating/ Target Price (HK$)
CK PROPERTY (01113.HK)/ Buy/ 65
HENDERSON LAND (00012.HK)/ Neutral/ 50.2->47.6
KERRY PPT (00683.HK)/ Neutral->Underperform/ 26.6->24
NEW WORLD DEV (00017.HK)/ Buy->Neutral/ 11.5->10
SHK PPT (00016.HK)/ Buy->Neutral/ 140->120
SINO LAND (00083.HK)/ Buy/ 15.2->14.7
WHARF HOLDINGS (00004.HK)/ Buy/ 57.6->66

Source: AAStocks Financial News

[winston]

Mainland Chinese buyers stayed off Hong Kong property as yuan weakened

by Sandy Li

The share of mainland Chinese buyers in Hong Kong’s luxury residential property transactions declined in the third quarter, according to data by Centaline Property Agency, as the yuan weakened against the city’s dollar-pegged currency.

Mainland Chinese made up 15.8 per cent of buyers during the quarter, 5.5 percentage points fewer than in the second quarter, and the lowest since 2015, according to Centaline’s data tracking the sales of residential property valued at HK$12 million and above.

Source: SCMP

http://www.scmp.com/property/hong-kong- ... perty-yuan

[winston]

Hong Kong property prices likely to soften next year, says Colliers

Stamp duty increase may see more tiny flats coming on to the market amid a temporary cooling in prices

The stamp duty increase on November 5, the second such hike in three years, could cool housing prices by 5 to 10 per cent in the next twelve months, Colliers said.

Developers may even offset the cost of stamp duty rebates by increasing list prices by 10 to 15 per cent

Monthly transaction volumes for properties is also expected to fall from the 8,560 total transactions in October to below 4,000, with secondary market transactions between 1,500 to 1,800, according to Colliers.

In light of the stamp duty change, developers are also keen to introduce more small units in the price range of HK$3 million to HK$5 million

Source: SCMP

http://www.scmp.com/property/article/20 ... s-colliers