UB-SHKP@EC2606A

Sales Boom at New World Development Projects Signals Turnaround in Hong Kong Real Estate

New Horizon Kowloon City Project Sells 15 Units in Four Weeks

New World Development Accelerates Sales Preparation for Second C Phase of Sai Kung Project

New World Development's Kai Tak Oceanfront Mansion Records Another Bid Sale

Morgan Stanley Expects New World Development's EPS to Rise 13% in H1 FY2026 and Maintains Overweight Rating

New World Development to Increase Number of Units to 2,670 in Tuen Mun Development Project

New World Development's SIERRA SEA Phase 2B Launches Sales

UBS Relocates to ICC Tower at West Kowloon

New Town Developments Seeks HK$5 billion 5-Year Loan

New World Development Seeks HK$50 Billion Loan

JPMorgan Analyzes New World Development's Director Suspension

New World Development's Sierra Sea 2B Adds 131 Units With Price Increases

New World Development Launches Sierra Sea Project to Boost Hong Kong Real Estate Market Recovery

DBS Raises Cheung Kong Properties Target Price to HKD134.20

New World Development Continues to Launch 350 Units for Sierra Sea 2B

New World Development Adds 196 Units to Phase 2B of SIERRA SEA Project

Sun Hung Kai Properties shares hit 52-week high, analysts have mixed ratings

New World Development's SIERRA SEA First Round Sales Oversubscribed Over 256 Times

New Town's Sierra Sea Phase 2B Achieves Over 180 Times Subscription During First Round Sales

DBS Raises New World Development Target Price to HKD 122

BOER POWER

WAI CHUN GROUP

HUAYUEXPRESSWAY

ASIA ENERGY LOG

KNOWLEDGE ATLAS

HING LEE (HK)

JH EDUCATION

TBKS HLDGS

SIMPLICITY HLDG

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Sun Hung Kai Properties (OTCMKTS:SUHJY) reached a new 52-week high of $17.25, closing at $16.65 with a trading volume of 90,876 shares. Analysts have mixed ratings: CLSA upgraded to "moderate buy," Zacks to "strong-buy," while UBS downgraded to "hold." The stock has a consensus rating of "Buy" and a debt-to-equity ratio of 0.15. Sun Hung Kai Properties is a major Hong Kong real estate developer involved in various property activities. Despite its current ratings, it was not listed among top recommendations by analysts.

Market Beat

SHK PPT

GLORIOUS PPT H

SUNLIGHT REIT

Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 1-Year High  - Should You Buy?

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Centaline Property reports that there were approximately 40 transactions at SIERRA SEA in Xisha this month, among which Unit H on the middle floor of Block 3 in Phase 1 was sold for HKD 6.1 million, with a usable area of 444 square feet, averaging HKD 13,739 per square foot. The new buyer is a first-hand buyer, and the original owner purchased it for HKD 4.79 million in May 2025, holding it for 9 months, making a profit of HKD 1.31 million, with a unit appreciation of about 27.3%

AASTOCKS

Yinhua CSI Interior Real Estate Theme ETF

China Southern CSI All Share Real Estate ETF

GF CSI All Share Financials ETF

ChinaAMC CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

"Sierra Sea" in Xisha sold a two-bedroom unit for 6.1 million, making a quick profit of 27% in 9 months

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Hong Kong stocks ADR is expected to open 17 points lower this morning, reporting at 27,249 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH HOLDINGS HKD 63.795 (premium 0.40%), CLP HOLDINGS HKD 76.773 (premium -0.49%), HK & CHINA GAS HKD 6.691 (premium 12.99%), WHARF HOLDINGS HKD 26.816 (premium 1.06%), HSBC HOLDINGS HKD 139.817 (premium -0.01%), Power Assets Holdings HKD 63.639 (premium -3.60%), PCCW HKD 5.964 (premium 3.12%), HENDERSON LAND HKD 32.523 (premium 1.34%), SHK PPT HKD 130.17 (premium -0.28%), NEW WORLD DEV HKD 10.945 (premium -1.96%), SWIRE PACIFIC A HKD 82.011 (premium 1.14%), BANK OF E ASIA HKD 14.463 (premium 9.80%), GALAXY ENT HKD 44.25 (premium -1.65%), HANG LUNG PPT HKD 9.944 (premium -0.74%), Geely Automobile HKD 19.095 (premium -11.29%), CITIC HKD 12.728 (premium 0.57%), CATHAY PAC AIR HKD 12.617 (premium 2.24%)

CKH HOLDINGS

SWIRE PACIFIC A

WHARF HOLDINGS

PCCW

HSBC HOLDINGS

SWIREPROPERTIES

NEW WORLD DEV

HANG LUNG GROUP

CLP HOLDINGS

HENDERSON LAND

CATHAY PAC AIR

CITIC

GALAXY ENT

BANK OF E ASIA

HK & CHINA GAS

HANG LUNG PPT

The Hong Kong stock ADR is expected to open 17 points lower this morning, reporting at 27,249 points

Hong Kong's property market shows signs of recovery as Sun Hung Kai Properties' Sierra Sea project sells out rapidly, generating over HK$9 billion in revenue from 1,400 homes. Analysts report strong primary sales, with over 80% of units sold in recent launches. Despite a modest recovery, new home prices remain lower than previous peaks. The market is expected to remain active, supported by reduced supply and population inflows from mainland China, although challenges in the commercial sector persist.

Businesstimes News

Sold out project marks turnaround for Hong Kong’s developers

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The report from the Research Department of Centaline Property shows that the CSI (Residential Price Index) latest reading is 70.24 points, an increase of 1.2 points from last week, marking seven consecutive weeks of growth, indicating a continued upward trend in property prices. Residential rents remain flat at 66.41 points, while retail shop prices and rents have risen to 42.42 points and 41.04 points, respectively. There are also signs of increases in industrial building prices and rents, with office building prices and rents rising to 37.78 points and 36.67 points, respectively, indicating an overall improvement in the market

MIRAMAR HOTEL

WHARF REIC

In the "Hong Kong Property" report, the Centaline Property Agent Index CSI (Residential Selling Price) rose by 1.2 points weekly, marking seven consecutive weeks of increase

Lin Shaoyi from Centaline Property stated that SIERRA SEA in Xisha recorded about 40 second-hand transactions this month, with the latest low-floor three-bedroom unit sold for HKD 8.08 million, a usable area of 591 square feet, and an average price per square foot of approximately HKD 13,672. The original owner purchased it for about HKD 6.38 million in May 2025, held it for nine months, and made a profit of HKD 1.7 million, with the unit appreciating by 26.6%

"Sierra Sea" low-floor three-bedroom unit in West Sands sold for 8.08 million, appreciating 27% in nine months

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Bank of America Securities released a research report listing the investment ratings and target prices for local real estate stocks and rental stocks. In terms of real estate stocks, SHK PPT is rated as Neutral, with the target price raised from HKD 113 to HKD 134; CK ASSET is rated as Buy, with the target price raised from HKD 49 to HKD 53; HENDERSON LAND is rated as Neutral, with the target price raised from HKD 31.7 to HKD 33.8; SINO LAND is rated as Buy, with the target price raised from HKD 12 to HKD 13.3; NEW WORLD DEV is rated as Underperform, with the target price raised from HKD 4.3 to HKD 4.8; WHARF HOLDINGS is rated as Neutral, with the target price raised from HKD 24.5 to HKD 28; KERRY PPT is rated as Buy, with the target price raised from HKD 24.7 to HKD 28. In terms of rental stocks, HYSAN DEV, WHARF REIC, SWIREPROPERTIES, and HANG LUNG PPT are all rated as Buy, with target prices raised to HKD 24.8, HKD 31, HKD 29, and HKD 11.5 respectively

KERRY PPT

CK ASSET

HENDERSON INV

TST PROPERTIES

HYSAN DEV

SINO LAND

"Major Banks" Bank of America Securities' investment ratings and target prices for Hong Kong real estate stocks and rental stocks (Table)

Centaline Property stated that Sierra Sea in Xisha recorded 35 second-hand transactions this month, with one unit sold for HKD 8.35 million, at a practical price of approximately HKD 14,547 per square foot. The new buyer is a local customer who chose to purchase due to unsatisfactory results in the first-hand market lottery. The original owner purchased the unit for HKD 6.244 million in April 2025, held it for ten months, and made a profit of HKD 2.106 million, with the unit appreciating by 33.7%

"Sierra Sea" recorded a total of 35 second-hand transactions this month, with three-bedroom units selling for HKD 8.35 million, a 34% increase over ten months

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The Hong Kong stock ADR is expected to open 250 points higher this morning, reporting at 27,278 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CK Hutchison (-0.01%), CLP Holdings (-1.07%), HK & China Gas (2.64%), Wharf Holdings (3.45%), HSBC Holdings (-1.76%), POWER ASSETS (-0.28%), PCCW (1.81%), HENDERSON LAND (0.28%), SHK PPT (-0.74%), NEW WORLD DEV (13.61%), SWIRE PACIFIC A (0.26%), BANK OF E ASIA (7.76%), GALAXY ENT (4.18%), HANG LUNG PPT (0.79%), Geely Automobile (-13.09%), CITIC Limited (-0.42%), CATHAY PAC AIR (2.29%)

POWER ASSETS

Hong Kong stocks ADR expect the Hang Seng Index to open 250 points higher this morning, reporting at 27,278 points

Sierra Sea Phase 2B is reselling 218 units, and there are also transactions in the luxury property market. The secondary housing market has seen a drop in transactions to single digits due to the impact of traditional festivals. Sun Hung Kai Properties has sold 755 units, cashing out over HKD 4.7 billion, with the entire project having sold over 3,000 units and cashing out over HKD 17 billion. Sun Hung Kai Properties plans to launch Phase 2C by the end of the year, involving about 500 units. Two units at The Peak, Mid-Levels were sold last Saturday for transaction prices of HKD 43.9383 million and HKD 45.0702 million, respectively

"Sierra Sea" Phase 2B in West Sands sold another 218 units, with transaction volume in the top ten housing estates dropping before the Lunar New Year

Kowloon Motor Bus non-executive director Lai Lei Kwan stated that the company has four pieces of factory land available for residential development, expected to yield a buildable area of 3 million square feet, generating revenue. He mentioned collaboration with Sun Hung Kai Properties and has signed a memorandum of understanding with Abu Dhabi to study power grids and artificial intelligence operations. At the same time, Kowloon Motor Bus is also exploring the application of autonomous driving technology

Kowloon Motor Bus Company: Four bus depot sites in Sha Tin and Tuen Mun can be developed for residential use, expected to provide a buildable area of 3 million square feet

Hong Kong's tender for a residential plot in Ngau Tau Kok attracted nine bids, with an estimated value of up to HK$1.55 billion. Major developers like Sun Hung Kai Properties and Henderson Land Development participated, reflecting renewed interest amid a brighter housing outlook. The site is expected to yield 470 units and is appealing due to its location and amenities. Home prices have shown a modest increase, with forecasts suggesting further growth. Development may face challenges due to existing structures and potential asbestos risks.

南华早报

Kowloon East site attracts nine bids as Hong Kong housing outlook brightens

UB-SHKP@EC2606A(19203.HK)

Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 1-Year High - Should You Buy?

"Sierra Sea" in Xisha sold a two-bedroom unit for 6.1 million, making a quick profit of 27% in 9 months

The Hong Kong stock ADR is expected to open 17 points lower this morning, reporting at 27,249 points

Sold out project marks turnaround for Hong Kong’s developers

In the "Hong Kong Property" report, the Centaline Property Agent Index CSI (Residential Selling Price) rose by 1.2 points weekly, marking seven consecutive weeks of increase