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Hong Kong (HSI) Real Estate Sector Analysis

UpdatedJul 17, 2025
DataAggregated Company Financials
Companies238
  • 7D0.8%
  • 3M12.5%
  • 1Y13.9%
  • YTD15.5%

In the last week, the Real Estate industry is flat overall, with Henderson Land Development standing out by going down 6.3%. As for the the longer term, the industry is up 16% over the past 12 months. Looking forward, earnings are forecast to grow by 22% annually.

Sector Valuation and Performance

Has the Hong Kong Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Jul 2025HK$2.2tHK$3.0t-HK$179,162,537,781.1811.4x-12.4x0.7x
Sat, 14 Jun 2025HK$2.2tHK$3.0t-HK$186,666,139,147.8210.7x-11.7x0.7x
Mon, 12 May 2025HK$2.1tHK$3.0t-HK$178,189,772,825.9310.7x-11.7x0.7x
Wed, 09 Apr 2025HK$1.9tHK$2.9t-HK$173,881,801,340.0210.4x-11x0.6x
Fri, 07 Mar 2025HK$2.2tHK$3.4t-HK$270,306,820,838.528.3x-8x0.6x
Sun, 02 Feb 2025HK$1.9tHK$3.4t-HK$251,922,021,980.707.7x-7.7x0.6x
Tue, 31 Dec 2024HK$2.0tHK$3.1t-HK$97,163,921,797.407.5x-20.3x0.6x
Thu, 28 Nov 2024HK$2.0tHK$3.1t-HK$97,076,959,547.537.7x-21x0.7x
Sat, 26 Oct 2024HK$2.2tHK$3.2t-HK$96,009,544,533.148.1x-22.5x0.7x
Mon, 23 Sep 2024HK$1.9tHK$3.2t-HK$80,184,310,612.687.9x-24x0.6x
Wed, 21 Aug 2024HK$1.9tHK$3.4t-HK$64,025,839,539.937x-29.2x0.6x
Fri, 19 Jul 2024HK$2.1tHK$3.4t-HK$19,687,336,061.617.5x-105.7x0.6x
Sun, 16 Jun 2024HK$2.1tHK$4.0t-HK$69,851,952,656.337.3x-30.4x0.5x
Tue, 14 May 2024HK$2.3tHK$4.0t-HK$70,142,759,678.317.9x-32.7x0.6x
Thu, 11 Apr 2024HK$2.1tHK$4.1t-HK$78,579,836,676.616.9x-26.3x0.5x
Sat, 09 Mar 2024HK$2.1tHK$3.9t-HK$156,871,342,587.105.8x-13.2x0.5x
Mon, 05 Feb 2024HK$2.1tHK$4.0t-HK$182,627,891,523.006.2x-11.5x0.5x
Wed, 03 Jan 2024HK$2.4tHK$4.0t-HK$183,755,129,258.006.9x-12.8x0.6x
Fri, 01 Dec 2023HK$2.4tHK$4.0t-HK$179,603,857,163.006.7x-13.1x0.6x
Sun, 29 Oct 2023HK$2.4tHK$4.0t-HK$156,825,276,156.007.2x-15.3x0.6x
Tue, 26 Sep 2023HK$2.5tHK$3.9t-HK$146,291,168,967.007.1x-17.2x0.6x
Thu, 24 Aug 2023HK$2.6tHK$4.6t-HK$25,484,399,877.006.8x-102.8x0.6x
Sat, 22 Jul 2023HK$2.9tHK$4.8tHK$17.9b7.4x161.3x0.6x
Mon, 19 Jun 2023HK$3.1tHK$4.9tHK$16.5b7.6x186.7x0.6x
Wed, 17 May 2023HK$3.1tHK$4.9tHK$12.8b7.7x246x0.6x
Fri, 14 Apr 2023HK$3.4tHK$5.0tHK$33.3b7.7x103.5x0.7x
Sun, 12 Mar 2023HK$3.3tHK$5.5tHK$319.8b6.2x10.3x0.6x
Tue, 07 Feb 2023HK$3.5tHK$5.6tHK$388.7b6.7x9.1x0.6x
Thu, 05 Jan 2023HK$3.6tHK$5.6tHK$385.5b6.9x9.4x0.7x
Sat, 03 Dec 2022HK$3.2tHK$5.5tHK$381.5b6.7x8.5x0.6x
Mon, 31 Oct 2022HK$2.6tHK$5.4tHK$367.8b5.4x7.1x0.5x
Wed, 28 Sep 2022HK$3.2tHK$5.4tHK$370.3b6.2x8.6x0.6x
Fri, 26 Aug 2022HK$3.3tHK$5.8tHK$487.6b6.1x6.9x0.6x
Sun, 24 Jul 2022HK$3.5tHK$5.8tHK$506.8b6.4x6.8x0.6x
Price to Earnings Ratio

6.8x


Total Market Cap: HK$3.5tTotal Earnings: HK$506.8bTotal Revenue: HK$5.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Real Estate Sector Price to Earnings3Y Average 2.3x202320242025
Current Industry PE
  • Investors are optimistic on the Hong Kong Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 20% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Hong Kong Real Estate sector?

HK Market2.26%
Real Estate0.77%
REITS2.22%
Industrial REITs1.65%
Office REITs1.11%
Hotel and Resort REITs1.10%
Real Estate0.85%
Retail REITs-0.86%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 141% over the next 5 years.
    • In contrast, the Real Estate industry is expected to see its earnings grow by 19% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    12 Henderson Land DevelopmentHK$26.351.7%
    +HK$2.2b
    14.6%PE20.3x
    754 Hopson Development HoldingsHK$3.8614.9%
    +HK$1.9b
    13.2%PE122.4x
    960 Longfor Group HoldingsHK$10.022.3%
    +HK$1.6b
    -10.5%PE6.2x
    1972 Swire PropertiesHK$19.741.2%
    +HK$1.4b
    50.9%PS7.2x
    147 International Business Settlement HoldingsHK$0.12117.5%
    +HK$1.4b
    113.8%PS13.5x

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