Upcoming primary projects will be the key market focus.
According to Maybank Kim Eng, on the residential side, the market’s response to recent new project launches suggests that investment demand may be returning. The government closed the stamp duty loophole in Apr’17 and sentiment was somewhat affected.
Here's more from Maybank Kim Eng:
But according to press reports, investors accounted for ~30% of total subscriptions for HDL’s Novum West project in Sai Ying Pun.
We expect property market sentiment to remain strong and upcoming new primary projects, such as “Ocean Pride” in Tsuen Wan West and “Victoria Skye” in Kai Tak will be the key market focus. We maintain a POSITIVE view on the sector. HDL and Sino Land remain our top picks.
Do you know more about this story? Contact us anonymously through this link.