Citi Research cited HK government's "HK Property Review 2014" noting that the authoritries for the first time revealed its residential completion estimate for 2015, which is in line with Citi's forecast.
The government sees supply peaking in 2014 and then falling in 2015. The house thus believes market estimates of home prices dropping 15-20% this year and 30-50% in the next 2-3 years are too bearish.
Primary volumes are set to recover meaningfully in 2014, in line with launches, and positive fundamentals should support home prices. Citi believes developers' share prices, at the low end of trading ranges, will recover when the residential sector begins outperforming expectations.
全新節目《說說心理話》青少年不可以戀愛！？真實個案講述驚心動魄經歷► 即睇
