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Hong Kong (HSI) Real Estate Sector Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies238
- 7D5.2%
- 3M4.3%
- 1Y19.1%
- YTD26.3%
In the last week, the Real Estate industry is up 5.2%, with China Resources Land up 9.6%. This means that the industry has gained 19% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 17 Nov 2025 | HK$2.4t | HK$2.6t | -HK$139,869,730,937.77 | 12.9x | -17.4x | 0.9x |
| Wed, 15 Oct 2025 | HK$2.3t | HK$2.6t | -HK$145,669,559,217.51 | 13.9x | -15.8x | 0.9x |
| Fri, 12 Sep 2025 | HK$2.4t | HK$2.6t | -HK$146,664,111,909.79 | 14x | -16.4x | 0.9x |
| Sun, 10 Aug 2025 | HK$2.3t | HK$3.0t | -HK$184,632,297,127.20 | 11.1x | -12.6x | 0.8x |
| Tue, 08 Jul 2025 | HK$2.2t | HK$3.0t | -HK$179,265,808,342.46 | 11.2x | -12.5x | 0.7x |
| Thu, 05 Jun 2025 | HK$2.1t | HK$3.0t | -HK$186,876,119,184.77 | 10.3x | -11.2x | 0.7x |
| Sat, 03 May 2025 | HK$2.1t | HK$2.9t | -HK$177,049,277,448.54 | 10.8x | -11.7x | 0.7x |
| Mon, 31 Mar 2025 | HK$2.1t | HK$3.1t | -HK$276,031,051,506.87 | 10.1x | -7.5x | 0.7x |
| Wed, 26 Feb 2025 | HK$2.0t | HK$3.4t | -HK$251,585,373,520.85 | 7.8x | -8x | 0.6x |
| Fri, 24 Jan 2025 | HK$1.9t | HK$3.4t | -HK$250,014,486,543.69 | 7.4x | -7.7x | 0.6x |
| Sun, 22 Dec 2024 | HK$1.9t | HK$3.1t | -HK$101,060,561,029.70 | 7.3x | -19.2x | 0.6x |
| Tue, 19 Nov 2024 | HK$2.1t | HK$3.1t | -HK$96,446,879,493.76 | 7.8x | -21.4x | 0.7x |
| Thu, 17 Oct 2024 | HK$2.2t | HK$3.2t | -HK$96,073,697,360.47 | 8.4x | -23.4x | 0.7x |
| Sat, 14 Sep 2024 | HK$1.8t | HK$3.2t | -HK$79,396,996,928.28 | 6.9x | -22.9x | 0.6x |
| Mon, 12 Aug 2024 | HK$1.9t | HK$3.4t | -HK$58,796,402,369.56 | 7.1x | -32.3x | 0.6x |
| Wed, 10 Jul 2024 | HK$2.0t | HK$3.4t | -HK$19,529,385,063.77 | 7.2x | -102.5x | 0.6x |
| Fri, 07 Jun 2024 | HK$2.2t | HK$4.0t | -HK$70,066,073,352.48 | 7.4x | -31.3x | 0.5x |
| Sun, 05 May 2024 | HK$2.3t | HK$4.1t | -HK$79,194,766,563.68 | 7.6x | -28.7x | 0.6x |
| Tue, 02 Apr 2024 | HK$2.1t | HK$4.1t | -HK$77,713,604,009.48 | 7.4x | -26.6x | 0.5x |
| Thu, 29 Feb 2024 | HK$2.2t | HK$3.9t | -HK$173,427,518,524.21 | 6.9x | -12.5x | 0.6x |
| Sat, 27 Jan 2024 | HK$2.2t | HK$4.0t | -HK$183,919,474,252.00 | 6.4x | -11.8x | 0.5x |
| Mon, 25 Dec 2023 | HK$2.3t | HK$4.0t | -HK$183,902,602,003.00 | 6.8x | -12.7x | 0.6x |
| Wed, 22 Nov 2023 | HK$2.4t | HK$4.0t | -HK$179,862,613,473.00 | 7.4x | -13.5x | 0.6x |
| Fri, 20 Oct 2023 | HK$2.4t | HK$4.0t | -HK$156,913,868,947.00 | 7x | -15.1x | 0.6x |
| Sun, 17 Sep 2023 | HK$2.6t | HK$4.0t | -HK$137,192,550,013.00 | 7.6x | -19.3x | 0.7x |
| Tue, 15 Aug 2023 | HK$2.8t | HK$4.6t | -HK$27,040,326,282.00 | 7.3x | -102.2x | 0.6x |
| Thu, 13 Jul 2023 | HK$2.9t | HK$4.8t | HK$17.9b | 7.3x | 160.3x | 0.6x |
| Sat, 10 Jun 2023 | HK$3.0t | HK$4.9t | HK$16.3b | 7.5x | 186.3x | 0.6x |
| Mon, 08 May 2023 | HK$3.3t | HK$5.0t | HK$11.8b | 8.1x | 279.8x | 0.7x |
| Wed, 05 Apr 2023 | HK$3.3t | HK$5.3t | HK$156.5b | 7.4x | 21.4x | 0.6x |
| Fri, 03 Mar 2023 | HK$3.5t | HK$5.5t | HK$371.8b | 6.3x | 9.3x | 0.6x |
| Sun, 29 Jan 2023 | HK$3.8t | HK$5.6t | HK$387.9b | 6.7x | 9.8x | 0.7x |
| Tue, 27 Dec 2022 | HK$3.4t | HK$5.5t | HK$383.4b | 6.8x | 9x | 0.6x |
| Thu, 24 Nov 2022 | HK$3.1t | HK$5.4t | HK$375.7b | 6.2x | 8.2x | 0.6x |
Price to Earnings Ratio
8.2x
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 Market | 1.84% | |
| Real Estate | 5.16% | |
| Real Estate | 5.36% | |
| Office REITs | 4.88% | |
| Hotel and Resort REITs | 2.60% | |
| Retail REITs | 2.22% | |
| REITS | 1.25% | |
| Industrial REITs | -0.71% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 16 Sun Hung Kai Properties | HK$102.40 | 6.8% +HK$19.0b | 34.3% | PE15.4x | |
| 1109 China Resources Land | HK$30.30 | 4.2% +HK$8.7b | 26.8% | PE7.3x | |
| 12 Henderson Land Development | HK$30.70 | 4.1% +HK$5.9b | 24.8% | PE24.6x | |
| 1209 China Resources Mixc Lifestyle Services | HK$44.20 | 5.8% +HK$5.6b | 43.0% | PE24.5x | |
| 4 Wharf (Holdings) | HK$24.34 | 8.1% +HK$5.6b | 3.6% | PS6.9x |
