Barclays Research said, in the coming week, the Centa-City Leading (CCL) home price index will start to reflect preliminary sales and purchase agreements signed during early July stock market correction.
With the Hang Seng Index correcting by another 3.1% on Monday, this new round of volatility may test home buyers' resolve, which had remained resilient so far, said the research house.
Given the market volatility and the Fed potentially raising rates in September, Barclays believe developers discount to NAV may widen. It seea the landlords and REITs as the more defensive choices.
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