HK Stock Market Move | Hong Kong property stocks rose across the board; Hong Kong Property says the outlook for the Hong Kong property market is clear and expects home prices to maintain double-digit growth for the full year.
Hong Kong property stocks rose across the board. As of press time, Sun Hung Kai Properties (00016) rose 4.93% to HK$119.2; Henderson Land Development (00012) rose 3.98% to HK$29.76; Hang Lung Properties (00101) rose 3.60% to HK$6.76; Wharf Holdings (00004) rose 2.02% to HK$20.18.
Hong Kong property stocks rose across the board. As of press time, SHK PPT (00016) rose 4.93% to HK$119.2; HENDERSON LAND (00012) rose 3.98% to HK$29.76; HANG LUNG PPT (00101) rose 3.60% to HK$6.76; WHARF HOLDINGS (00004) rose 2.02% to HK$20.18.
On the news front, according to reports, people familiar with the matter said Huawei is in talks to lease two floors of ONE IGC in West Kowloon, Hong Kong, owned by SHK PPT. It is understood that Hong Kong's premium office leasing market is showing strong momentum, with Central performing the best in particular. A market report noted that as of the end of September this year, rents for Grade A+ office buildings in the district surged about 27.7% year on year, the largest increase among all districts in the same period, while the vacancy rate for such units fell to 6.9%, down about 7.6 percentage points from January this year.
On October 26, Hong Kong Property announced the group's latest home-purchase intention survey for the third quarter of 2026 and its property market analysis. Ma Tai-yeung, CEO of MIDLAND HOLDING and Hong Kong Property, said that benefiting from population growth and strong rental demand, together with the positive impact of the Policy Address and the five-year plan, the outlook for the Hong Kong property market is clear, and home prices are expected to maintain double-digit growth for the full year.
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