Macquarie Research said it is seeing more supporting evidence to the three major trends that underpin its positive view on HK property.
They are: (1) mortgage rate cuts and related rebates; (2) mainlanders increasingly entering the mid/high-end segment; and (3) transaction volumes getting diverted to the primary market.
The research house sees good investment upside to the select HK developers on a sustainable market recovery in 2017.
It said property prices have risen by 9.5% since July 2016 (YTD: +3.6%). Macquarie expects a stable property market in 2017 with limited policy risk and a 5% increase in
prices, mostly in the mid/high-end segment. It expects primary volumes to rise by 15% in 2017 and 10% in 2018.
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