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Hong Kong (HSI) Real Estate Sector Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies229
  • 7D1.7%
  • 3M3.2%
  • 1Y26.1%
  • YTD9.3%

The Real Estate industry is up 4.8% in the last week, with China Resources Land up 4.1%. In the last 12 months, the industry was up 27%. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026HK$2.5tHK$2.6tHK$1.2b10.8x2137.2x0.9x
Sat, 14 Mar 2026HK$2.5tHK$2.7t-HK$129,293,324,861.2913.4x-19x0.9x
Mon, 09 Feb 2026HK$2.6tHK$2.7t-HK$137,587,421,084.8714.2x-18.7x1x
Wed, 07 Jan 2026HK$2.3tHK$2.7t-HK$136,471,141,842.2314.2x-16.9x0.9x
Fri, 05 Dec 2025HK$2.3tHK$2.6t-HK$134,110,429,300.7413.7x-17.4x0.9x
Sun, 02 Nov 2025HK$2.3tHK$2.6t-HK$147,902,599,862.8113x-15.3x0.9x
Tue, 30 Sep 2025HK$2.3tHK$2.6t-HK$144,456,388,433.0014x-16.2x0.9x
Thu, 28 Aug 2025HK$2.3tHK$3.0t-HK$182,646,218,594.8312.3x-12.5x0.8x
Sat, 26 Jul 2025HK$2.3tHK$3.0t-HK$179,795,666,526.2111.6x-12.9x0.8x
Mon, 23 Jun 2025HK$2.2tHK$3.0t-HK$186,570,636,562.0710.6x-11.6x0.7x
Wed, 21 May 2025HK$2.1tHK$3.0t-HK$179,342,974,624.7210.5x-11.7x0.7x
Fri, 18 Apr 2025HK$2.0tHK$2.9t-HK$175,984,885,889.1010.8x-11.5x0.7x
Sun, 16 Mar 2025HK$2.1tHK$3.4t-HK$277,580,609,794.448.5x-7.7x0.6x
Tue, 11 Feb 2025HK$2.0tHK$3.4t-HK$250,065,342,585.947.9x-7.8x0.6x
Thu, 09 Jan 2025HK$1.9tHK$3.1t-HK$96,995,325,188.467.3x-19.7x0.6x
Sat, 07 Dec 2024HK$2.1tHK$3.1t-HK$101,266,220,934.247.6x-20.4x0.7x
Mon, 04 Nov 2024HK$2.2tHK$3.2t-HK$97,730,806,264.548.5x-22.5x0.7x
Wed, 02 Oct 2024HK$2.3tHK$3.2t-HK$97,537,057,939.238.3x-23.6x0.7x
Fri, 30 Aug 2024HK$1.9tHK$3.4t-HK$85,103,034,713.917.1x-22.2x0.6x
Sun, 28 Jul 2024HK$2.0tHK$3.5t-HK$19,806,540,397.977.3x-99.3x0.6x
Tue, 25 Jun 2024HK$2.1tHK$4.0t-HK$70,678,443,655.707.3x-29x0.5x
Thu, 23 May 2024HK$2.4tHK$4.0t-HK$69,772,436,252.838.1x-34.6x0.6x
Sat, 20 Apr 2024HK$2.0tHK$4.1t-HK$79,621,278,944.706.8x-24.6x0.5x
Mon, 18 Mar 2024HK$2.1tHK$3.9t-HK$138,268,865,239.756.5x-15.5x0.5x
Wed, 14 Feb 2024HK$2.1tHK$3.9t-HK$173,745,139,790.016.2x-11.8x0.5x
Fri, 12 Jan 2024HK$2.3tHK$4.0t-HK$183,188,366,916.007x-12.4x0.6x
Sun, 10 Dec 2023HK$2.3tHK$4.0t-HK$182,508,321,588.007x-12.5x0.6x
Tue, 07 Nov 2023HK$2.4tHK$4.0t-HK$159,262,625,021.007.3x-15.4x0.6x
Thu, 05 Oct 2023HK$2.5tHK$4.0t-HK$157,154,688,148.007.1x-16.2x0.6x
Sat, 02 Sep 2023HK$2.7tHK$4.1t-HK$141,592,571,524.007.5x-18.9x0.7x
Mon, 31 Jul 2023HK$3.1tHK$4.8tHK$18.4b7.8x167x0.6x
Wed, 28 Jun 2023HK$3.0tHK$4.8tHK$17.1b7.3x172.9x0.6x
Fri, 26 May 2023HK$3.0tHK$4.9tHK$14.3b7.2x207.4x0.6x
Sun, 23 Apr 2023HK$3.3tHK$5.0tHK$33.1b7.6x99.6x0.7x
Price to Earnings Ratio

99.6x


Total Market Cap: HK$3.3tTotal Earnings: HK$33.1bTotal Revenue: HK$5.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Real Estate Sector Price to Earnings3Y Average 0.7x202420252026
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 2kx which is higher than its 3-year average PE of -1.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 67% per year over the last three years,
  • Revenues have also declined 20% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

HK Market0.33%
Real Estate1.72%
Hotel and Resort REITs2.78%
Retail REITs1.91%
Real Estate1.73%
Office REITs1.21%
Industrial REITs-0.39%
REITS-2.01%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 87.6x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings decline of 7.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 137% over the next 5 years.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 19% 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$30.684.1%
+HK$8.7b		14.5%PE7.5x
1113 CK Asset HoldingsHK$48.523.5%
+HK$5.7b		60.4%PE15.7x
688 China Overseas Land & InvestmentHK$12.342.9%
+HK$3.8b		-11.7%PE9.3x
1209 China Resources Mixc Lifestyle ServicesHK$48.223.1%
+HK$3.3b		27.9%PE24.1x
12 Henderson Land DevelopmentHK$30.642.2%
+HK$3.2b		49.1%PE26.2x

Latest News

1972
HK$24.74
Swire Properties
7D
2.1%
1Y
54.8%
688
HK$12.34
China Overseas Land & Investment
7D
2.9%
1Y
-11.7%
697
HK$1.67
Shoucheng Holdings
7D
-2.9%
1Y
12.1%
1997
HK$23.92
Wharf Real Estate Investment
7D
3.1%
1Y
37.3%
4
HK$21.78
Wharf (Holdings)
7D
-1.0%
1Y
19.1%

4: Dividend Decision And Stable Metrics Will Guide Future Returns

Analysts have trimmed their fair value estimate for Wharf (Holdings) from about HK$24.28 to around HK$23.82, reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for March 12, 2026 to review the final results announcement for the year ended December 31, 2025.
16
HK$137.50
Sun Hung Kai Properties
7D
-0.6%
1Y
95.2%

16: Interim Dividend Will Sustain Overvaluation Risk Despite Slightly Lower Future P/E

Analysts have kept their HK$105.69 price target for Sun Hung Kai Properties broadly unchanged, with minor tweaks to the discount rate, revenue trajectory, profit margin, and future P/E assumptions that reflect only small shifts in their underlying models. What's in the News Sun Hung Kai Properties declared an ordinary interim dividend of HK$0.98 per share for the six months ended 31 December 2025, with payment scheduled for 19 March 2026 (Key Developments).
1113
HK$48.52
CK Asset Holdings
7D
3.5%
1Y
60.4%

1113: Refreshed Earnings Outlook And Dividend Timeline Will Shape Future Share Performance

The analyst price target for CK Asset Holdings has increased from HK$28.32 to HK$45.00. Analysts cite updated industry assumptions, a revised property project schedule and refreshed earnings forecasts as the key drivers of this change.
1209
HK$48.22
China Resources Mixc Lifestyle Services
7D
3.1%
1Y
27.9%

Analysts Have Made A Financial Statement On China Resources Mixc Lifestyle Services Limited's (HKG:1209) Yearly Report

Apr 01
Analysts Have Made A Financial Statement On China Resources Mixc Lifestyle Services Limited's (HKG:1209) Yearly Report
1109
HK$30.68
China Resources Land
7D
4.1%
1Y
14.5%
817
HK$1.57
China Jinmao Holdings Group
7D
13.8%
1Y
34.2%

Weak Statutory Earnings May Not Tell The Whole Story For China Jinmao Holdings Group (HKG:817)

Mar 31
Weak Statutory Earnings May Not Tell The Whole Story For China Jinmao Holdings Group (HKG:817)
535
HK$0.12
Gemdale Properties and Investment
7D
-13.7%
1Y
-49.6%
3380
HK$1.27
Logan Group
7D
-2.3%
1Y
47.7%
683
HK$22.60
Kerry Properties
7D
-2.0%
1Y
32.5%
1570
HK$7.10
Weiye Holdings
7D
-14.5%
1Y
n/a
12
HK$30.64
Henderson Land Development
7D
2.2%
1Y
49.1%

Henderson Land Development Company Limited Just Missed Earnings - But Analysts Have Updated Their Models

Mar 26
Henderson Land Development Company Limited Just Missed Earnings - But Analysts Have Updated Their Models
83
HK$11.82
Sino Land
7D
-0.7%
1Y
54.9%