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Hong Kong (HSI) Real Estate Sector Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies238
  • 7D0.8%
  • 3M2.2%
  • 1Y17.0%
  • YTD21.9%

In the last week, Real Estate has been flat. The past year has been better, since the industry has gained 17% in that time. As for the next few years, earnings are expected to grow by 24% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 30 Nov 2025HK$2.4tHK$2.6t-HK$137,380,384,406.1714.3x-17.3x0.9x
Tue, 28 Oct 2025HK$2.3tHK$2.6t-HK$147,574,220,288.1813x-15.7x0.9x
Thu, 25 Sep 2025HK$2.3tHK$2.6t-HK$147,471,168,024.2113.7x-15.8x0.9x
Sat, 23 Aug 2025HK$2.3tHK$3.0t-HK$185,879,389,868.6212.4x-12.6x0.8x
Mon, 21 Jul 2025HK$2.2tHK$3.0t-HK$179,133,668,082.5311.2x-12.5x0.7x
Wed, 18 Jun 2025HK$2.2tHK$3.0t-HK$186,679,555,240.2610.7x-11.9x0.7x
Fri, 16 May 2025HK$2.1tHK$3.0t-HK$179,207,124,609.2710.6x-11.7x0.7x
Sun, 13 Apr 2025HK$2.0tHK$2.9t-HK$176,382,168,143.8110.4x-11.2x0.7x
Tue, 11 Mar 2025HK$2.1tHK$3.4t-HK$269,953,680,096.788.4x-7.9x0.6x
Thu, 06 Feb 2025HK$1.9tHK$3.4t-HK$250,957,739,130.327.5x-7.6x0.6x
Sat, 04 Jan 2025HK$2.0tHK$3.1t-HK$97,155,117,488.787.5x-20.1x0.6x
Mon, 02 Dec 2024HK$2.0tHK$3.1t-HK$101,530,143,292.427.9x-20x0.7x
Wed, 30 Oct 2024HK$2.2tHK$3.2t-HK$97,501,747,363.618.3x-22.2x0.7x
Fri, 27 Sep 2024HK$2.1tHK$3.3t-HK$80,682,769,136.777.7x-26.2x0.6x
Sun, 25 Aug 2024HK$1.8tHK$3.4t-HK$77,381,507,963.837.2x-23.8x0.5x
Tue, 23 Jul 2024HK$2.0tHK$3.4t-HK$19,510,689,016.047.5x-103.7x0.6x
Thu, 20 Jun 2024HK$2.1tHK$4.0t-HK$69,723,311,635.347.2x-30.4x0.5x
Sat, 18 May 2024HK$2.5tHK$4.0t-HK$70,039,681,678.198.2x-35.1x0.6x
Mon, 15 Apr 2024HK$2.0tHK$4.1t-HK$78,997,994,033.426.9x-25.4x0.5x
Wed, 13 Mar 2024HK$2.2tHK$3.9t-HK$157,315,828,006.726.2x-13.9x0.6x
Fri, 09 Feb 2024HK$2.1tHK$3.9t-HK$176,436,327,452.436.1x-11.8x0.5x
Sun, 07 Jan 2024HK$2.3tHK$4.0t-HK$183,664,735,025.006.9x-12.6x0.6x
Tue, 05 Dec 2023HK$2.3tHK$4.0t-HK$183,849,819,321.007.1x-12.6x0.6x
Thu, 02 Nov 2023HK$2.4tHK$4.0t-HK$157,650,562,059.007.1x-14.9x0.6x
Sat, 30 Sep 2023HK$2.5tHK$4.0t-HK$157,140,950,154.007.4x-16.2x0.6x
Mon, 28 Aug 2023HK$2.7tHK$4.6t-HK$21,594,159,896.007x-123.7x0.6x
Wed, 26 Jul 2023HK$3.0tHK$4.8tHK$17.5b7.5x169.4x0.6x
Fri, 23 Jun 2023HK$3.0tHK$4.8tHK$17.1b7.1x173.3x0.6x
Sun, 21 May 2023HK$3.0tHK$4.9tHK$13.9b7.5x217.5x0.6x
Tue, 18 Apr 2023HK$3.4tHK$5.1tHK$32.8b7.7x104.9x0.7x
Thu, 16 Mar 2023HK$3.3tHK$5.5tHK$330.6b6x10x0.6x
Sat, 11 Feb 2023HK$3.6tHK$5.6tHK$388.2b6.7x9.2x0.6x
Mon, 09 Jan 2023HK$3.7tHK$5.6tHK$386.2b6.9x9.5x0.7x
Wed, 07 Dec 2022HK$3.4tHK$5.5tHK$383.1b6.9x8.9x0.6x
Price to Earnings Ratio

8.9x


Total Market Cap: HK$3.4tTotal Earnings: HK$383.1bTotal Revenue: HK$5.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Real Estate Sector Price to Earnings3Y Average -0.6x202320242025
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 0.64x.
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 22% per year, which is driving profits down.

Industry Trends

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

HK Market1.78%
Real Estate0.83%
Office REITs3.05%
Retail REITs2.64%
Industrial REITs1.80%
Hotel and Resort REITs1.35%
REITS0.92%
Real Estate0.73%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 155% over the next 5 years.
    • In contrast, the Real Estate industry is expected to see its earnings grow by 22% 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
    		16 Sun Hung Kai PropertiesHK$98.601.7%
    +HK$4.8b    		27.6%PE14.8x
    		108 GR Life StyleHK$3.8438.1%
    +HK$3.4b    		500.0%PS40.9x
    		1113 CK Asset HoldingsHK$39.922.4%
    +HK$3.2b    		25.5%PE12.3x
    		1997 Wharf Real Estate InvestmentHK$24.563.8%
    +HK$2.7b    		17.8%PS5.8x
    		1109 China Resources LandHK$30.161.3%
    +HK$2.7b    		31.1%PE7.2x

    Latest News

    1908
    HK$16.55
    C&D International Investment Group
    7D
    -3.3%
    1Y
    28.7%
    3900
    HK$8.88
    Greentown China Holdings
    7D
    -3.2%
    1Y
    -6.7%

    Greentown China Holdings Limited's (HKG:3900) Share Price Is Matching Sentiment Around Its Revenues

    Nov 27
    Greentown China Holdings Limited's (HKG:3900) Share Price Is Matching Sentiment Around Its Revenues
    16
    HK$98.60
    Sun Hung Kai Properties
    7D
    1.7%
    1Y
    27.6%

    16: Upcoming Governance Changes And Margin Gains Will Shape Steady Outlook

    Analysts have raised their price target for Sun Hung Kai Properties, increasing their fair value estimate from $98.85 to $102.42. They cite slight improvements in projected profit margins, even though revenue growth expectations have moderated.
    823
    HK$36.88
    Link Real Estate Investment Trust
    7D
    2.7%
    1Y
    9.0%
    2602
    HK$20.22
    Onewo
    7D
    -6.5%
    1Y
    -7.2%
    1972
    HK$21.36
    Swire Properties
    7D
    -1.7%
    1Y
    37.8%

    1972: Projected Margins And Revenue Trends Will Support Balanced Outlook

    Analysts have raised their fair value estimate for Swire Properties from $23.45 to $23.73. This change is due to slight improvements in projected revenue growth and profit margins.
    4
    HK$23.60
    Wharf (Holdings)
    7D
    3.2%
    1Y
    10.5%

    Does Wharf (Holdings) (HKG:4) Have A Healthy Balance Sheet?

    Nov 23
    Does Wharf (Holdings) (HKG:4) Have A Healthy Balance Sheet?
    83
    HK$10.44
    Sino Land
    7D
    2.6%
    1Y
    37.0%
    817
    HK$1.38
    China Jinmao Holdings Group
    7D
    -5.5%
    1Y
    27.8%

    China Jinmao Holdings Group (HKG:817) Use Of Debt Could Be Considered Risky

    Nov 20
    China Jinmao Holdings Group (HKG:817) Use Of Debt Could Be Considered Risky
    1113
    HK$39.92
    CK Asset Holdings
    7D
    2.4%
    1Y
    25.5%

    1113: Completed Share Buyback And Steady Earnings Outlook Will Support Balanced Performance

    Analysts have maintained their price target for CK Asset Holdings at HK$39.04, citing minor adjustments to discount rates and forward valuation metrics. There has not been a significant change in revenue or margin expectations.
    1030
    HK$2.14
    Seazen Group
    7D
    -3.6%
    1Y
    7.5%

    Seazen Group (HKG:1030) Has No Shortage Of Debt

    Nov 11
    Seazen Group (HKG:1030) Has No Shortage Of Debt
    960
    HK$9.72
    Longfor Group Holdings
    7D
    -1.8%
    1Y
    -11.0%

    Longfor Group Holdings (HKG:960) Has A Somewhat Strained Balance Sheet

    Nov 10
    Longfor Group Holdings (HKG:960) Has A Somewhat Strained Balance Sheet
    1997
    HK$24.56
    Wharf Real Estate Investment
    7D
    3.8%
    1Y
    17.8%

    These 4 Measures Indicate That Wharf Real Estate Investment (HKG:1997) Is Using Debt Extensively

    Nov 07
    These 4 Measures Indicate That Wharf Real Estate Investment (HKG:1997) Is Using Debt Extensively
    108
    HK$3.84
    GR Life Style
    7D
    38.1%
    1Y
    500.0%
    688
    HK$13.29
    China Overseas Land & Investment
    7D
    -2.7%
    1Y
    -0.4%
    1109
    HK$30.16
    China Resources Land
    7D
    1.3%
    1Y
    31.1%