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Hong Kong (HSI) Real Estate Sector Analysis

UpdatedMar 20, 2025
DataAggregated Company Financials
Companies251
  • 7D2.6%
  • 3M9.6%
  • 1Y8.5%
  • YTD9.5%

Over the last 7 days, the Real Estate industry has risen 1.8%, driven by gains in China Resources Land and Sun Hung Kai Properties of 4.3% and 3.4%, respectively. During this same period, the Wharf (Holdings) underperformed, falling 9.3%. This means that the industry has gained 8.8% over the past year. Looking forward, earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Mar 2025HK$2.2tHK$3.4t-HK$278,331,030,874.158.6x-7.8x0.6x
Sat, 15 Feb 2025HK$2.0tHK$3.4t-HK$251,029,426,431.647.8x-8x0.6x
Mon, 13 Jan 2025HK$1.9tHK$3.1t-HK$91,321,722,648.287.3x-20.7x0.6x
Wed, 11 Dec 2024HK$2.1tHK$3.1t-HK$101,337,538,914.777.8x-20.6x0.7x
Fri, 08 Nov 2024HK$2.3tHK$3.1t-HK$97,876,731,475.108.6x-23.3x0.7x
Sun, 06 Oct 2024HK$2.5tHK$3.2t-HK$97,006,779,850.009.2x-25.5x0.8x
Tue, 03 Sep 2024HK$1.9tHK$3.3t-HK$77,159,911,035.437.8x-24.1x0.6x
Thu, 01 Aug 2024HK$1.9tHK$3.5t-HK$22,331,970,872.797.2x-87.2x0.6x
Sat, 29 Jun 2024HK$2.0tHK$3.4t-HK$7,259,147,447.146.8x-276.3x0.6x
Mon, 27 May 2024HK$2.3tHK$4.0t-HK$70,017,862,528.607.6x-33x0.6x
Wed, 24 Apr 2024HK$2.0tHK$4.0t-HK$79,537,234,925.876.8x-25.1x0.5x
Fri, 22 Mar 2024HK$2.1tHK$3.9t-HK$138,742,742,299.636.4x-15.3x0.5x
Sun, 18 Feb 2024HK$2.1tHK$3.9t-HK$173,818,210,463.836.2x-12.2x0.5x
Tue, 16 Jan 2024HK$2.3tHK$4.0t-HK$182,828,842,669.007.1x-12.3x0.6x
Thu, 14 Dec 2023HK$2.3tHK$4.0t-HK$182,200,303,815.006.9x-12.5x0.6x
Sat, 11 Nov 2023HK$2.3tHK$4.0t-HK$175,552,331,421.007.2x-13.3x0.6x
Mon, 09 Oct 2023HK$2.5tHK$4.0t-HK$157,217,421,007.007.2x-15.9x0.6x
Wed, 06 Sep 2023HK$2.7tHK$4.1t-HK$138,566,964,879.007.7x-19.6x0.7x
Fri, 04 Aug 2023HK$3.0tHK$4.7t-HK$24,193,233,987.007.8x-121.9x0.6x
Sun, 02 Jul 2023HK$3.0tHK$4.8tHK$19.2b7.5x153.8x0.6x
Tue, 30 May 2023HK$2.9tHK$4.9tHK$14.8b7x196.6x0.6x
Thu, 27 Apr 2023HK$3.3tHK$5.0tHK$33.5b7.6x97.4x0.6x
Sat, 25 Mar 2023HK$3.2tHK$5.5tHK$303.5b6.2x10.4x0.6x
Mon, 20 Feb 2023HK$3.5tHK$5.6tHK$384.2b6.6x9x0.6x
Wed, 18 Jan 2023HK$3.6tHK$5.6tHK$388.1b6.8x9.3x0.6x
Fri, 16 Dec 2022HK$3.5tHK$5.5tHK$383.1b7.1x9x0.6x
Sun, 13 Nov 2022HK$3.0tHK$5.5tHK$377.7b6x7.9x0.5x
Tue, 11 Oct 2022HK$3.1tHK$5.5tHK$371.8b6x8.3x0.6x
Thu, 08 Sep 2022HK$3.4tHK$5.5tHK$377.1b6.4x8.9x0.6x
Sat, 06 Aug 2022HK$3.4tHK$5.8tHK$502.4b6x6.8x0.6x
Mon, 04 Jul 2022HK$3.9tHK$5.9tHK$510.4b6.7x7.6x0.7x
Wed, 01 Jun 2022HK$3.9tHK$5.9tHK$523.4b6.6x7.4x0.7x
Fri, 29 Apr 2022HK$3.9tHK$6.0tHK$529.6b6.9x7.4x0.7x
Sun, 27 Mar 2022HK$4.0tHK$6.1tHK$644.6b6.2x6.2x0.7x
Price to Earnings Ratio

6.2x


Total Market Cap: HK$4.0tTotal Earnings: HK$644.6bTotal Revenue: HK$6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Real Estate Sector Price to Earnings3Y Average 4.7x202320242025
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • 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 18% per year, which is driving profits down.

Industry Trends

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

HK Market4.25%
Real Estate2.64%
Office REITs5.71%
Real Estate2.69%
Retail REITs1.85%
REITS-0.93%
Hotel and Resort REITs-1.22%
Industrial REITs-6.83%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 6.7x.
    • Analysts expect its future annual earnings decline (68.4%) to be largely in line with prior year's earnings decline.
Forecasted Growth
  • Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 106% over the next 5 years.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 68% 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
1109 China Resources LandHK$26.804.3%
+HK$7.8b
10.1%PE6.4x
16 Sun Hung Kai PropertiesHK$78.153.4%
+HK$7.4b
4.1%PE13x
1972 Swire PropertiesHK$17.166.3%
+HK$5.9b
7.7%PS6.3x
1209 China Resources Mixc Lifestyle ServicesHK$34.705.3%
+HK$4.0b
47.0%PE21.5x
817 China Jinmao Holdings GroupHK$1.2916.2%
+HK$2.4b
115.0%PS0.2x
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9608

HK$0.11

Sundy Service Group

7D

-22.5%

1Y

-50.9%

1918

HK$1.73

Sunac China Holdings

7D

-4.4%

1Y

54.5%

16

HK$78.15

Sun Hung Kai Properties

7D

3.4%

1Y

4.1%

2191

HK$3.00

SF Real Estate Investment Trust

7D

-6.8%

1Y

22.0%

817

HK$1.29

China Jinmao Holdings Group

7D

16.2%

1Y

115.0%

688

HK$14.74

China Overseas Land & Investment

7D

1.2%

1Y

39.3%

938

HK$0.44

Man Sang International

7D

-33.3%

1Y

-51.1%

960

HK$10.96

Longfor Group Holdings

7D

2.6%

1Y

8.9%

95

HK$0.30

LVGEM (China) Real Estate Investment

7D

-15.5%

1Y

-48.3%

1113

HK$34.30

CK Asset Holdings

7D

-1.2%

1Y

-4.2%

1209

HK$34.70

China Resources Mixc Lifestyle Services

7D

5.3%

1Y

47.0%