Real Estate Operating Companies

HYSAN DEV

Kowloon East Shore Phase 3 Real Estate Project Successfully Sells Out 130 Units

Henderson Land and Sino Properties and Emperor Group Launch Sales Arrangement for Kowloon Bay Development Project

Morgan Stanley Raises Cheung Kong's Target Price to HKD 21

BofA Reiterates Buy Rating on Sino Land with Adjusted Earnings Forecast

HYSAN DEV released FY2025 9 Months earnings on February 26, 2026 (BJT), actual revenue HKD 2.651 B, actual EPS HKD 0.157

HYSAN DEV released FY2025 Q3 earnings on February 26 (BJT), actual revenue HKD 522.5 M, actual EPS HKD 0.1168

Hysan Development Optimistic About Hong Kong's Retail Recovery and Continues to Introduce New Brands

Sino Land Announces 28.3% YoY Growth in Full-Year Basic Profit

HYSAN DEV released FY2025 earnings on February 26 Pre-Market (BJT), actual revenue HKD 2.883 B (forecast HKD 3.452 B), actual EPS HKD 0.3067 (forecast HKD 1.9012)

HYSAN DEV released FY2025 Q4 earnings on February 26 Pre-Market (BJT), actual revenue HKD 522.5 M, actual EPS HKD 0.1168

HYSAN DEV to Release FY2025 Annual Earnings on February 26, 2026 Pre-Market (BJT), Forecast Revenue HKD 3.455 B, EPS HKD 1.9012

Property Elite Buying Spree Boosts Hong Kong Real Estate

Citi Sees Positive Outlook on Hong Kong's High-End Consumption REITs, Upsgrades Nine Dragons and Hysan

Hysan (MTN) Limited Announces $4 Billion Medium-Term Note Program

Morgan Stanley: Hong Kong's October Retail Sales Exceed Expectations

CLSA Maintains Buy Rating on Hysan Development with a Target Price of HKD 18.30

Hysan and HK 兴业 Showcase Sample Villas in Tai Po Lin Hoi Shan City

Luxury Villa in Lin Haisan Cheng Achieves 17,497 HKD per Square Foot

Morgan Stanley Raises Hong Kong Retail Sales Forecast and Recommends Retail REIT Stocks

Analyst Cui Provides Rating and Price Target for Hysan Development

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

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One Victoria Cove, co-developed by HENDERSON LAND and HYSAN DEV, saw over 84% of units subscribed in the second sales round, generating approximately HKD560 million. All two-bedroom units sold out, with 527 units sold in less than three weeks, totaling nearly HKD4.5 billion in proceeds. Additional units will be launched soon to meet market demand.

AASTOCKS News

HENDERSON LAND

HENDERSON INV

MIRAMAR HOTEL

One Victoria Cove Phase 3 Sees 84%+ of Units Subscribed in 2nd Round

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UBS reported that Hong Kong's total retail sales value in March increased by 13% YoY, surpassing expectations. Excluding certain categories, sales still grew by 8% YoY. The bank anticipates a moderation in growth for April due to high airfares and geopolitical tensions. Retail landlords like WHARF REIC and HYSAN DEV are expected to benefit, while LINK REIT may also gain from reduced outbound travel supporting domestic consumption. However, high oil prices pose a risk to spending from Mainland visitors.

WHARF REIC

LINK REIT

UBS Group AG

UBS: HK Mar Total Retail Sales Value Beats; WHARF REIC, HYSAN DEV Benefited

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Hong Kong homebuyers are actively purchasing new flats, with all 120 units at One Victoria Cove I sold out quickly. Developers are increasing construction due to strong demand, with recent sales reducing unsold inventory to below 20,000 units. New World Development reported over HK$4.8 billion in sales from Pavilia Farm III. The number of private housing units under construction has risen, and the potential supply of new flats is expected to fall below 100,000 units in the next few years. The market recovery has eased pressure on prices, positively impacting overall price increases.

SCMP

NEW WORLD DEV

CI FIN TECH GP

MTR CORPORATION

SINO LAND

KERRY PPT

K. WAH INT'L

CHI MER LAND

Jones Lang Lasalle

CHINA MERCHANTS

Hong Kong homebuyers flock to new launches as flats sell out swiftly

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Hong Kong developers launched nearly 300 new flats amid strong demand, with significant sales reported at One Victoria Cove and Pavilia Farm III. The completion of new private residential units is projected to decline by 8% this year, leading to a forecasted 15% increase in property prices. The residential market has rebounded, with sales hitting a four-year high in 2025. The declining supply allows developers to reduce discounts, potentially boosting resale prices. The oversubscription for new units indicates robust buyer interest, with applications exceeding 33 times for One Victoria Cove and 108 times for Pavilia Farm III.

China Southern CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

Hong Kong developers clear stock amid strong demand and shrinking supply

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HSBC Global Research Report pointed out that although the profits of Hong Kong property stocks have slightly declined, the recovery of dividend growth in blue-chip stocks such as Sun Hung Kai Properties and Henderson Land has boosted investor confidence. It is expected that the profit margins in the residential market will rebound, mainly supported by rising sales volumes and prices. The office market still faces pressure, but there are signs of a bottoming out in Central office buildings. Sun Hung Kai Properties and Henderson Land are seen as the main beneficiaries of the recovery in the residential market, with target prices of HKD 150.6 and HKD 35.8, respectively. Hysan Development and Swire Properties are also viewed positively, with target prices of HKD 23 and HKD 30.2

AASTOCKS

SWIREPROPERTIES

SHK PPT

The report from "The Big Banks" predicts a rebound in Hong Kong's residential profit margins, with New World Development and Henderson Land as the main beneficiaries

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The project at 1 Pilgrim Street, Hung Hom, developed in collaboration by Henderson Land, Hysan Development, and Imperium Financial Group, has officially been named "Shou An." It is divided into four phases, providing a total of 1,296 units. Phases 1 and 3 have received pre-sale consent, involving 648 units, primarily consisting of two to three-bedroom layouts, with a key date of August 31, 2027. This project is the first large-scale inland connection to the waterfront under the Urban Renewal Authority's "East Victoria Harbour" initiative, aiming to integrate inland land, waterfront space, and bay water to create a world-class quality bay area

GF CSI All Share Financials ETF

ChinaAMC CSI All Share Real Estate ETF

Yinhua CSI Interior Real Estate Theme ETF

The new project by Henderson Land and others in Hung Hom is named "First Shore," offering 1,296 units

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Citigroup released a research report detailing the investment ratings and target prices for Hong Kong property stocks. Wharf Holdings was rated as sell, with a target price of HKD 18.3; Henderson Land, HYSAN DEV, SHK PPT, SINO LAND, HANG LUNG PPT, KERRY PPT, FORTUNE REIT, CK ASSET, SWIREPROPERTIES, and WHARF REIC were all rated as buy, with target prices of HKD 30, HKD 24.3, HKD 168, HKD 14.2, HKD 11.2, HKD 23.2, HKD 5.56, HKD 54.55, HKD 23.8, and HKD 30.3 respectively; MTR CORPORATION and CHAMPION REIT were rated as sell, with target prices of HKD 24.5 and HKD 2.03

TST PROPERTIES

WHARF HOLDINGS

SINO HOTELS

HANG LUNG GROUP

HARBOUR CENTRE

FORTUNE REIT

HANG LUNG PPT

CHAMPION REIT

CK ASSET

GREENTOWN CHINA

"Major Banks" Citigroup's Investment Ratings and Target Prices for Hong Kong Real Estate Stocks (Table)

Sun Hung Kai Properties (SHKP) reported a 36.2% increase in first-half net profit to HK$10.25 billion, with revenue rising 32% to HK$52.7 billion. Despite missing revenue estimates, operating income exceeded forecasts. SHKP plans to launch several residential projects in Hong Kong and has sold out 1,400 flats at its Sierra Sea project. Investors are optimistic about SHKP due to its significant land holdings. Meanwhile, Hysan Development's annual earnings rose 28.3% to HK$2.5 billion, driven by property sales, although recurring profit fell slightly. Hysan anticipates challenges in 2026 but remains prepared for growth.

SHKP, Hong Kong’s bellwether developer, posts 36% jump in first-half net profit

HYSAN DEV(00014.HK)