JP-SHKP@EC2606A

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

Hong Kong Land's Homebuyer Sued for Breach of Contract Due to Mortgage Issues

New Town SIERRA SEA Phase 2B Relaunched with 155 Units at Original Price

New World Development's SIERRA SEA Sales Fully Cleared

New World Development's Sky 11 Seaside Series Sells Two Properties via Tender for HK$110 Million

Sun Hung Kai Properties Launches New Property SIERRA SEA 2B

Sun Hung Kai Properties Sierra Sea Phase 2A Flats Relaunched

New World Development's SIERRA SEA Phase 2A Round 2 Sales Oversubscribed by Over 215 Times

New World Development's Kai Tak Sky 玺·海 Completes 5 Four-Bedroom Mansion Sales

K. Wah Vice Chairman Sees Positive Outlook for Hong Kong Property Market and Northern Metropolis Area

New World Development's Guangzhou South ICC Completes Main Structure Top-off

Sun Hung Kai Properties Completes Supplementary Land Premium Payment for Kwan Tong South Site and Adjusts to Medium-High Density Residences

China Overseas Development and Sun Hung Kai Properties Sign Strategic Cooperation Agreement to Deepen Collaboration

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Rafael Hui Si-yan, the former Chief Secretary of Hong Kong, has died at 77 after battling an acute illness. Hui, who served from 2005 to 2007, was imprisoned for 7½ years for misconduct in public office, having accepted nearly HK$20 million from Sun Hung Kai Properties. He was convicted in 2014 and released in December 2019 after serving five years.

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SHK PPT

Convicted Hong Kong official Rafael Hui dies age 77

Sun Hung Kai Properties (SHKP) has launched 350 units in its Sierra Sea project, following strong sales in January, indicating a rebound in Hong Kong's property market. The new batch includes 244 two-bedroom and 106 three-bedroom units, priced between HK$4.6 million and HK$9.74 million. The development, featuring extensive amenities, is the largest housing project in Hong Kong since 1999. Analysts predict home prices could rise by 8-10% in the coming years, as the market recovers from previous downturns, with SHKP reporting a slight profit increase for the financial year.

SHKP launches 350 Sierra Sea flats as Hong Kong property rebound gathers pace

The Hang Seng Index closed at 27,387 points, down 580 points or 2.1%. The Hang Seng Tech Index reported 5,718 points, down 122 points or 2.1%. The China Enterprises Index fell 235 points or 2.5%, closing at 9,317 points. The total market turnover was HKD 301.612 billion. CCB and XIAOMI-W both fell over 3%. NEW ORIENTAL-S, SHK PPT, HUABAO INTL, Zoomlion, and HANG LUNG GROUP reached new highs with active trading

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According to the "All-Day Express," the Hang Seng Index fell by 580 points; the Hang Seng Tech Index dropped by 122 points. CCB fell over 3%, and XIAOMI-W also fell over 3%. NEW ORIENTAL, SHK PPT, HUABAO INTL, Zoomlion, and HANG LUNG GROUP reached new highs with active trading

Sino Land's subsidiary, Sierra Sea, Phase 2A, recorded 8 successful sales on the 29th, cashing out over HKD 85 million in a single day. The sold units include two-bedroom to three-bedroom apartments, with usable areas ranging from 390 to 810 square feet. The highest transaction amount was for Unit C on the 17th floor of Block 1, with a transaction amount of HKD 15.3562 million and a price per square foot of HKD 20,836

"Sierra Sea" Phase 2A in Hong Kong recorded 8 successful bids with a total value exceeding HKD 85 million

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Sun Hung Kai Properties (OTCMKTS:SUHJY) reached a new 52-week high of $15.61 during trading, with a volume of 91,147 shares. Analysts have mixed opinions: UBS downgraded the stock to 'hold', while CLSA upgraded it to 'moderate buy', and Zacks raised it to 'strong-buy'. The average rating is 'Buy'. The company, a major Hong Kong real estate developer, focuses on residential, commercial, and industrial properties. Despite its current rating, it was not listed among top recommendations by analysts.

Market Beat

Y.T. REALTY

Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 52-Week High  - Here's Why

Hong Kong Property recently facilitated the sale of a high-floor unit at The Belcher's, with a transaction price of HKD 8.4 million. The unit is a three-bedroom suite with a usable area of approximately 762 square feet. The owner purchased it in 2012 for HKD 7.05 million, representing an appreciation of about 19% now

The "Hong Kong Property" Peri Bay three-bedroom sea view unit sold for HKD 8.4 million, appreciating approximately 19% over ten years

Sierra Sea 2B conducted its first round of sales today, with Central Plains Real Estate Vice Chairman Chen Yongjie predicting a high likelihood of selling out completely. The project attracted a large number of prospective buyers due to the strong sales performance in the previous period, with today's buyers mostly being previous clients, and the proportion of investors reaching 50%. The largest client plans to spend approximately HKD 23 million to purchase 4 units. The overall market conditions are favorable, with a booming stock market driving buyers to enter the market more quickly, and it is expected that the number of transactions in January could reach 2,300, setting a new high in 13 years

In "Hong Kong Property," Centaline's Chen Yongjie estimates that the chances of selling out the first round of Sierra Sea 2B today are extremely high, with about fifty percent of investors

Citi reports increased investor optimism in Hong Kong's property sector, highlighting Sun Hung Kai Properties as a key beneficiary due to its 19.7 million square feet of developable land linked to the Northern Metropolis plan. Investors expect the company to convert its land reserves into profitable projects. However, with the share price above consensus targets, execution risks are heightened. While sentiment has shifted positively, concerns about overextension and project timelines remain. Fair value estimates for the stock vary significantly, indicating differing investor perspectives on its potential upside.

Simplywall

Does Sun Hung Kai Properties (SEHK:16) Hold a Hidden Edge in Hong Kong’s Northern Metropolis Pivot?

New World Development applied to relax the height restrictions for the residential project in Area 106B of Tung Chung, planning to provide 745 residential units with a total construction area of over 400,000 square feet. The project intends to raise the building height from 70 meters to 76.9 meters, constructing two 20-story residential towers, along with 264 parking spaces and approximately 20,800 square feet of recreational space. The plot was won at a bid of HKD 602 million last year, with a land price of HKD 1,501 per square foot, setting a new low for residential land prices in Tung Chung

The new project in Tung Chung by Sun Hung Kai Properties applies for a relaxation of height restrictions, expected to provide 745 units

Zhongyuan Real Estate's senior regional sales director Xu Kezhi stated that the new project SIERRA SEA in Xisha recorded 52 second-hand transactions this month, with all owners making a profit. One of the three-bedroom units in Phase 1A was sold for HKD 8.33 million, with the original owner holding it for about eight months, realizing a paper profit of HKD 1.382 million, and the unit appreciating nearly 20%

"Sierra Sea" in Hong Kong recorded a total of 52 second-hand transactions this month, all of which were profitable. A three-bedroom unit in Phase 1 was sold for HKD 8.33 million, appreciating by 20% in eight months

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Citigroup released a research report assessing 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, NEW WORLD DEV, and MTR CORPORATION received various buy or sell ratings, with target prices ranging from HKD 4.8 to HKD 105. Overall, several property stocks are viewed positively, while some are recommended for sale

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Citigroup's investment ratings and target prices for Hong Kong real estate stocks (Table)

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The Hang Seng Index rose 16 points on Monday, closing at 26,765 points, with trading volume increasing to HKD 261.6 billion. Northbound capital flowed out for the second consecutive day, with a net outflow of HKD 826 million. The market is focusing on stock selection rather than overall market trends, with gold and real estate stocks performing strongly; ZIJIN rose over 4%, and SHK PPT increased nearly 4%. Technology stocks fell under the influence of Intel's earnings report, with Baidu and Kuaishou both declining. International gold prices broke the USD 5,000 mark again, and silver prices also surged significantly

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The Hang Seng Index rose by 16 points, with northbound capital flowing out for the second consecutive day. The market is trading stocks rather than the market itself, with blue-chip and real estate stocks facing declines. | Hong Kong Stock Market Opening

JP-SHKP@EC2606A(19175.HK)

Convicted Hong Kong official Rafael Hui dies age 77

SHKP launches 350 Sierra Sea flats as Hong Kong property rebound gathers pace

According to the "All-Day Express," the Hang Seng Index fell by 580 points; the Hang Seng Tech Index dropped by 122 points. CCB fell over 3%, and XIAOMI-W also fell over 3%. NEW ORIENTAL, SHK PPT, HUABAO INTL, Zoomlion, and HANG LUNG GROUP reached new highs with active trading

"Sierra Sea" Phase 2A in Hong Kong recorded 8 successful bids with a total value exceeding HKD 85 million

Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 52-Week High - Here's Why