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Hong Kong (HSI) Real Estate Sector Analysis
UpdatedAug 30, 2026
DataAggregated Company Financials
Companies225
- 7D-2.8%
- 3M-5.4%
- 1Y1.8%
- YTD3.5%
Over the last 7 days, the Real Estate industry has dropped 2.8%, driven by pullbacks in Sun Hung Kai Properties and China Resources Land of 4.9% and 6.2%, respectively. Meanwhile, International Business Settlement Holdings actually outperformed within the industry, gaining 225% in the last week. As for the longer term, the industry's performance has been flat for the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | HK$2.3t | HK$2.5t | HK$37.2b | 9.1x | 63x | 0.9x |
| Tue, 28 Jul 2026 | HK$2.3t | HK$2.6t | HK$16.6b | 8.8x | 139.2x | 0.9x |
| Thu, 25 Jun 2026 | HK$2.2t | HK$2.6t | HK$5.9b | 9.5x | 372.6x | 0.8x |
| Sat, 23 May 2026 | HK$2.6t | HK$2.6t | HK$5.5b | 11.1x | 467.4x | 1x |
| Mon, 20 Apr 2026 | HK$2.5t | HK$2.6t | HK$1.0b | 10.6x | 2356.3x | 0.9x |
| Wed, 18 Mar 2026 | HK$2.5t | HK$2.7t | -HK$129,702,706,816.52 | 13.4x | -19.3x | 0.9x |
| Fri, 13 Feb 2026 | HK$2.6t | HK$2.7t | -HK$138,107,299,441.54 | 14.9x | -19.1x | 1x |
| Sun, 11 Jan 2026 | HK$2.3t | HK$2.7t | -HK$136,629,698,324.39 | 14.1x | -17.1x | 0.9x |
| Tue, 09 Dec 2025 | HK$2.3t | HK$2.6t | -HK$134,107,973,045.30 | 13.6x | -17.2x | 0.9x |
| Thu, 06 Nov 2025 | HK$2.3t | HK$2.6t | -HK$148,496,402,306.20 | 13.1x | -15.4x | 0.9x |
| Sat, 04 Oct 2025 | HK$2.3t | HK$2.6t | -HK$145,995,008,114.20 | 14x | -15.9x | 0.9x |
| Mon, 01 Sep 2025 | HK$2.3t | HK$2.7t | -HK$148,559,458,048.78 | 13.1x | -15.4x | 0.9x |
| Wed, 30 Jul 2025 | HK$2.3t | HK$3.0t | -HK$179,664,484,288.39 | 11.8x | -13.1x | 0.8x |
| Fri, 27 Jun 2025 | HK$2.3t | HK$3.0t | -HK$186,699,744,898.65 | 11x | -12.1x | 0.7x |
| Sun, 25 May 2025 | HK$2.1t | HK$3.0t | -HK$180,021,604,334.81 | 10.3x | -11.5x | 0.7x |
| Tue, 22 Apr 2025 | HK$2.0t | HK$2.9t | -HK$176,123,788,500.25 | 10.8x | -11.5x | 0.7x |
| Thu, 20 Mar 2025 | HK$2.2t | HK$3.4t | -HK$278,331,030,874.15 | 8.6x | -7.8x | 0.6x |
| Sat, 15 Feb 2025 | HK$2.0t | HK$3.4t | -HK$251,029,426,431.64 | 7.8x | -8x | 0.6x |
| Mon, 13 Jan 2025 | HK$1.9t | HK$3.1t | -HK$91,321,722,648.28 | 7.3x | -20.7x | 0.6x |
| Wed, 11 Dec 2024 | HK$2.1t | HK$3.1t | -HK$101,337,538,914.77 | 7.8x | -20.6x | 0.7x |
| Fri, 08 Nov 2024 | HK$2.3t | HK$3.1t | -HK$97,876,731,475.10 | 8.6x | -23.3x | 0.7x |
| Sun, 06 Oct 2024 | HK$2.5t | HK$3.2t | -HK$97,006,779,850.00 | 9.2x | -25.5x | 0.8x |
| Tue, 03 Sep 2024 | HK$1.9t | HK$3.3t | -HK$77,159,911,035.43 | 7.8x | -24.1x | 0.6x |
| Thu, 01 Aug 2024 | HK$1.9t | HK$3.5t | -HK$22,331,970,872.79 | 7.2x | -87.2x | 0.6x |
| Sat, 29 Jun 2024 | HK$2.0t | HK$3.4t | -HK$7,259,147,447.14 | 6.8x | -276.3x | 0.6x |
| Mon, 27 May 2024 | HK$2.3t | HK$4.0t | -HK$70,017,862,528.60 | 7.6x | -33x | 0.6x |
| Wed, 24 Apr 2024 | HK$2.0t | HK$4.0t | -HK$79,537,234,925.87 | 6.8x | -25.1x | 0.5x |
| Fri, 22 Mar 2024 | HK$2.1t | HK$3.9t | -HK$138,742,742,299.63 | 6.4x | -15.3x | 0.5x |
| Sun, 18 Feb 2024 | HK$2.1t | HK$3.9t | -HK$173,818,210,463.83 | 6.2x | -12.2x | 0.5x |
| Tue, 16 Jan 2024 | HK$2.3t | HK$4.0t | -HK$182,828,842,669.00 | 7.1x | -12.3x | 0.6x |
| Thu, 14 Dec 2023 | HK$2.3t | HK$4.0t | -HK$182,200,303,815.00 | 6.9x | -12.5x | 0.6x |
| Sat, 11 Nov 2023 | HK$2.3t | HK$4.0t | -HK$175,552,331,421.00 | 7.2x | -13.3x | 0.6x |
| Mon, 09 Oct 2023 | HK$2.5t | HK$4.0t | -HK$157,217,421,007.00 | 7.2x | -15.9x | 0.6x |
| Wed, 06 Sep 2023 | HK$2.7t | HK$4.1t | -HK$138,566,964,879.00 | 7.7x | -19.6x | 0.7x |
Price to Earnings Ratio
-19.6x
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 at a PE ratio of 63.0x which is higher than its 3-year average PE of 56.7x.
- The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 15% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate sector?
| HK Market | -0.088% | |
| Real Estate | -2.81% | |
| Office REITs | 0.55% | |
| Retail REITs | -1.22% | |
| REITS | -2.65% | |
| Real Estate | -2.91% | |
| Industrial REITs | -4.71% | |
| Hotel and Resort REITs | -12.82% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings growth of 1.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 118% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 147 International Business Settlement Holdings | HK$0.20 | 225.0% +HK$2.9b | -10.6% | PS19.6x | |
| 1918 Sunac China Holdings | HK$0.68 | 20.5% +HK$2.3b | -55.6% | PS0.3x | |
| 2602 Onewo | HK$19.43 | 8.2% +HK$1.7b | -22.6% | PE28.1x | |
| 81 China Overseas Grand Oceans Group | HK$2.84 | 9.9% +HK$907.6m | 25.7% | PE24.9x | |
| 817 China Jinmao Holdings Group | HK$1.57 | 3.0% +HK$608.1m | 7.5% | PE47.8x |
