No Data
Lyon: Lowered the Target Price of WHARF REIC (01997) to HKD 18.8, maintaining a Hold rating.
In the first two months of this year, retail sales in Hong Kong decreased by 7.8% year-on-year, despite the number of visitors increasing by 7.4% year-on-year. The bank believes the decline is mainly driven by weak consumer confidence and ongoing consumer outflow.
Bloomberg: The completion volume of private residential buildings in Hong Kong reached a four-year low in the first two months of this year and is expected to experience a Top Reversal.
According to the data from the research center of Midland Realty and the Buildings Department, the number of private Residence completions in Hong Kong in February recorded a total of 1,624 units, which is a month-on-month decrease of about 13.9% compared to January's 1,886 units, marking a decline for two consecutive months and reaching a new low in five months.
In Central China: Hong Kong recorded 4,110 subsidized housing mortgage registrations in the first quarter, a significant increase of 68.6% year-on-year.
In March, Hong Kong recorded a total of 732 cases of subsidized housing mortgage registrations.
WHARF REIC: Annual Report 2024
This year, Hong Kong has recorded 4,686 transactions of new Residences, making it the second-highest for the same period in six years.
This year (up to April 9), the transaction Volume of new residential properties in Hong Kong has recorded 4,686 cases, the second highest for the same period in six years, only behind last year's 5,485 cases.
CITIC SEC: Shopping centers grow against the trend; leading real estate platforms remain strong.
In the long run, the limitation on the development of Commercial Property companies (regardless of their weight) is not funding, but rather Operation capability and site layout. The bank is Bullish on the development of Commercial Property enterprises.
