Certificate: The trend of Hong Kong Building is good for real estate stocks

According to HSBC Securities, the current property market sentiment in Hong Kong is driven by the high innovation rate of Kai Tak. The property price has risen by 10% so far this year. Last year, the property price rose by 14%. The transaction volume trend is similar to last year. The transaction volume of second-hand property in May was It rose 8% year-on-year and rose 6% month-to-month. This year, the average monthly trading volume is 4,000 units, which is higher than the average annual sales. The current first-hand sales accounted for 34% of the first five months of residential sales, compared with 45% last year. The estimated proportion will gradually increase. According to the exchange certificate, the actual property prices and trading volume of the property market in Hong Kong have improved, while the property stocks have performed relatively weakly relative to the property market, bringing investment opportunities. The preferred shares for the New World, Xindi, and Cheung Kong (1113) are both “buyers”. In rating.