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Hong Kong (HSI) Real Estate Sector Analysis

UpdatedAug 31, 2025
DataAggregated Company Financials
Companies241
  • 7D-2.1%
  • 3M12.1%
  • 1Y21.9%
  • YTD19.2%

Over the last 7 days, the Real Estate industry has dropped 2.1%, driven by pullbacks in Sun Hung Kai Properties and China Resources Land of 2.5% and 2.9%, respectively. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 Aug 2025HK$2.3tHK$2.9t-HK$187,563,786,162.4812.3x-12.3x0.8x
Tue, 29 Jul 2025HK$2.3tHK$3.0t-HK$179,698,736,861.9211.4x-13x0.8x
Thu, 26 Jun 2025HK$2.3tHK$3.0t-HK$186,494,795,588.5111.1x-12.2x0.8x
Sat, 24 May 2025HK$2.1tHK$3.0t-HK$179,969,386,832.2110.3x-11.5x0.7x
Mon, 21 Apr 2025HK$2.0tHK$2.9t-HK$175,980,556,844.6310.8x-11.5x0.7x
Wed, 19 Mar 2025HK$2.2tHK$3.4t-HK$278,306,496,089.548.5x-7.8x0.6x
Fri, 14 Feb 2025HK$2.0tHK$3.4t-HK$250,422,930,154.407.8x-7.9x0.6x
Sun, 12 Jan 2025HK$1.9tHK$3.1t-HK$97,078,337,209.287.3x-19.4x0.6x
Tue, 10 Dec 2024HK$2.1tHK$3.1t-HK$101,177,156,323.177.9x-20.9x0.7x
Thu, 07 Nov 2024HK$2.2tHK$3.1t-HK$97,378,476,019.718.3x-22.9x0.7x
Sat, 05 Oct 2024HK$2.5tHK$3.2t-HK$97,048,777,486.719.2x-25.5x0.8x
Mon, 02 Sep 2024HK$1.9tHK$3.3t-HK$75,827,745,992.747.5x-25.3x0.6x
Wed, 31 Jul 2024HK$1.9tHK$3.5t-HK$19,827,995,526.326.9x-96.5x0.6x
Fri, 28 Jun 2024HK$2.0tHK$3.4t-HK$5,175,380,267.077x-388.4x0.6x
Sun, 26 May 2024HK$2.3tHK$4.0t-HK$69,873,945,500.957.7x-33.1x0.6x
Tue, 23 Apr 2024HK$2.0tHK$4.1t-HK$79,630,002,628.906.8x-24.5x0.5x
Thu, 21 Mar 2024HK$2.1tHK$3.9t-HK$137,661,331,664.426.4x-15x0.5x
Sat, 17 Feb 2024HK$2.1tHK$3.9t-HK$176,299,256,959.616.1x-12.1x0.5x
Mon, 15 Jan 2024HK$2.3tHK$4.0t-HK$183,051,101,694.007.1x-12.4x0.6x
Wed, 13 Dec 2023HK$2.3tHK$4.0t-HK$182,241,899,092.007x-12.7x0.6x
Fri, 10 Nov 2023HK$2.4tHK$4.0t-HK$175,628,670,498.007.3x-13.5x0.6x
Sun, 08 Oct 2023HK$2.5tHK$4.0t-HK$157,217,421,007.007.2x-15.9x0.6x
Tue, 05 Sep 2023HK$2.8tHK$4.1t-HK$141,514,664,559.008x-19.6x0.7x
Thu, 03 Aug 2023HK$3.0tHK$4.7t-HK$20,034,434,734.007.7x-148.1x0.6x
Sat, 01 Jul 2023HK$3.0tHK$4.8tHK$16.3b7.5x181.3x0.6x
Mon, 29 May 2023HK$2.9tHK$4.9tHK$14.5b7.1x201.9x0.6x
Wed, 26 Apr 2023HK$3.2tHK$5.0tHK$33.5b7.6x96.3x0.6x
Fri, 24 Mar 2023HK$3.2tHK$5.5tHK$308.6b6.2x10.3x0.6x
Sun, 19 Feb 2023HK$3.5tHK$5.6tHK$384.2b6.6x9x0.6x
Tue, 17 Jan 2023HK$3.6tHK$5.6tHK$388.8b6.8x9.3x0.6x
Thu, 15 Dec 2022HK$3.5tHK$5.5tHK$383.4b7.1x9.1x0.6x
Sat, 12 Nov 2022HK$3.0tHK$5.4tHK$375.9b6.1x8x0.6x
Mon, 10 Oct 2022HK$3.1tHK$5.5tHK$371.8b6.1x8.4x0.6x
Wed, 07 Sep 2022HK$3.4tHK$5.5tHK$377.1b6.4x8.9x0.6x
Price to Earnings Ratio

8.9x


Total Market Cap: HK$3.4tTotal Earnings: HK$377.1bTotal Revenue: HK$5.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Real Estate Sector Price to Earnings3Y Average 1.5x202320242025
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 0.62x.
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 19% per year, which is driving profits down.

Industry Trends

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

HK Market-1.15%
Real Estate-2.09%
Office REITs-1.76%
Retail REITs-1.92%
Real Estate-2.09%
REITS-2.93%
Industrial REITs-4.35%
Hotel and Resort REITs-5.81%
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 24% 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
    4 Wharf (Holdings)HK$22.321.8%
    +HK$1.2b
    8.9%PS6.3x
    1972 Swire PropertiesHK$21.121.0%
    +HK$1.2b
    46.9%PS7.5x
    108 GR Life StyleHK$1.5111.9%
    +HK$515.1m
    272.8%PS16.5x
    81 China Overseas Grand Oceans GroupHK$2.265.1%
    +HK$391.5m
    47.7%PE20.8x
    17 New World DevelopmentHK$6.622.3%
    +HK$377.5m
    -15.7%PS0.5x

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