<div id="readability-page-1"><div>Citi released a Hong Kong property survey report, interviewing 804 adult citizens on their views regarding home purchases and retail consumption. The results show that, compared with six months ago, 65% of respondents are more optimistic about the home price outlook. Looking ahead to the next 12 months, 42% expect home prices to rise, 42% expect them to remain broadly stable, and only 16% foresee a decline. The age group between 45 and 54 is the most optimistic. A total of 69% of respondents plan to purchase a home within 12 months. Among those with annual income above HKD800,000, 58% are in the &#34;actively searching&#34; stage. Among respondents who are bullish on home prices, the average expectation is a 6% increase over the next year, with the upcycle lasting 4.4 years. Of these, 54% expect prices to rise by 5% to 10%, and 16% anticipate gains of more than 10%. Regarding the duration of the upcycle, 39% believe it will last three to four years, 26% expect five to six years, and 9% foresee more than six years.The survey indicates that 71% of respondents purchase homes for self-use or for family members, 19% for investment, and 10% for rental income. Some 71% prefer buying new homes, while only 4% favor second-hand units aged over 20 years. In terms of layout, two-bedroom units are the most popular (56%), followed by three-bedroom units (26%) and one-bedroom units (15%). As for budget, 43% have a budget below HKD8 million, 24% between HKD8 million and HKD12 million, and 16% between HKD12 million and HKD15 million. In terms of developer brand perception, respondents rated SHK PPT (00016.HK) +2.400 (+1.767%) Short selling $54.11M; Ratio 25.129% as having the best quality (30%), followed by SWIREPROPERTIES (01972.HK) -0.020 (-0.080%) Short selling $532.36K; Ratio 3.126% (11%) and HENDERSON LAND (00012.HK) +1.440 (+4.678%) Short selling $150.12M; Ratio 39.770% (10%). The most popular districts for home purchase are Sha Tin / Tai Wai (6%), Kai Tak (5%) and Tsuen Wan (5%), while 57% plan to move away from their current residential district.Citi noted a structural shift in Hong Kong consumption patterns. The survey shows that 39% of respondents visit Greater Bay Area cities at least several times per month, mainly for leisure (70%), travel (54%), dining (46%) and daily necessities shopping (41%). Meanwhile, online shopping is becoming increasingly prevalent, with 15% shopping online weekly and 60% doing so several times per month. The main reasons are convenience (62%), lower prices (54%) and wider product selection (53%).Taking into account northbound consumption and online shopping, respondents on average reduced their spending at Hong Kong physical retail stores by about 18%. Among them, 34% reported a reduction of more than 20%, 29% saw a decline of 10% to 20%, and only 16% said they were unaffected. Citi believes that due to market share loss, physical retailers may need to cut rents by 10% to 15% overall. The bank said improved confidence in home prices and a recovery in investment demand could support primary market pricing, benefiting property stocks. Its top picks are SHK PPT (00016.HK) +2.400 (+1.767%) Short selling $54.11M; Ratio 25.129% , CK ASSET (01113.HK) +0.400 (+0.819%) Short selling $15.02M; Ratio 16.572% and SWIREPROPERTIES (01972.HK) -0.020 (-0.080%) Short selling $532.36K; Ratio 3.126% , while maintaining an Opportunistic Buy stance on LINK REIT (00823.HK) +0.420 (+1.071%) Short selling $42.31M; Ratio 15.572% . (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 12:25.)</div>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</div>

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Citi's recent survey of 804 Hong Kong residents reveals that 65% are more optimistic about home prices compared to six months ago. Looking ahead, 42% expect prices to rise, while 42% anticipate stability. The survey indicates a strong interest in home purchases, with 69% planning to buy within a year. SHK PPT, CK ASSET, and SWIREPROPERTIES are favored developers. Additionally, a shift in consumption patterns is noted, with increased online shopping and reduced spending in physical stores. Citi suggests that improved home price confidence may benefit property stocks, particularly their top picks.

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Citi Survey: 65% of Respondents More Optimistic on Home Price Outlook; Favor SHK PPT , CK ASSET , SWIREPROPERTIES