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Hong Kong (HSI) Real Estate Industry Analysis
UpdatedDec 11, 2025
DataAggregated Company Financials
Companies225
- 7D-2.7%
- 3M-5.2%
- 1Y11.4%
- YTD18.9%
Over the last 7 days, the Real Estate industry has dropped 4.2%, driven by China Resources Land declining 4.1%. Meanwhile, New World Development actually outperformed within the industry, gaining 7.5% in the last week. In the past year, the industry has gained 10%. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Hong Kong Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 11 Dec 2025 | HK$2.1t | HK$2.6t | -HK$120,068,293,893.93 | 13.6x | -17.8x | 0.8x |
| Sat, 08 Nov 2025 | HK$2.2t | HK$2.6t | -HK$132,423,538,725.92 | 13.2x | -16.3x | 0.8x |
| Mon, 06 Oct 2025 | HK$2.2t | HK$2.6t | -HK$129,820,083,394.67 | 14x | -16.7x | 0.8x |
| Wed, 03 Sep 2025 | HK$2.2t | HK$2.6t | -HK$131,419,291,973.90 | 13x | -16.4x | 0.8x |
| Fri, 01 Aug 2025 | HK$2.1t | HK$3.0t | -HK$165,957,411,496.89 | 11.4x | -12.8x | 0.7x |
| Sun, 29 Jun 2025 | HK$2.1t | HK$3.0t | -HK$173,765,065,769.54 | 11.2x | -12x | 0.7x |
| Tue, 27 May 2025 | HK$1.9t | HK$3.0t | -HK$173,064,933,058.59 | 10.3x | -11.1x | 0.6x |
| Thu, 24 Apr 2025 | HK$1.9t | HK$2.9t | -HK$169,197,999,137.06 | 10x | -11.4x | 0.7x |
| Sat, 22 Mar 2025 | HK$1.9t | HK$3.4t | -HK$279,988,216,641.75 | 8.5x | -7x | 0.6x |
| Mon, 17 Feb 2025 | HK$1.9t | HK$3.4t | -HK$247,286,787,609.86 | 7.3x | -7.6x | 0.6x |
| Wed, 15 Jan 2025 | HK$1.8t | HK$3.1t | -HK$87,090,008,305.13 | 6.9x | -20.4x | 0.6x |
| Fri, 13 Dec 2024 | HK$2.0t | HK$3.1t | -HK$97,130,273,464.35 | 7.3x | -20.2x | 0.6x |
| Sun, 10 Nov 2024 | HK$2.1t | HK$3.1t | -HK$93,451,365,524.05 | 8.1x | -22.5x | 0.7x |
| Tue, 08 Oct 2024 | HK$2.4t | HK$3.2t | -HK$93,495,225,728.75 | 9x | -25.4x | 0.8x |
| Thu, 05 Sep 2024 | HK$1.7t | HK$3.2t | -HK$72,507,000,015.78 | 6.7x | -23.6x | 0.5x |
| Sat, 03 Aug 2024 | HK$1.7t | HK$3.4t | -HK$49,434,900,737.73 | 6.9x | -34.4x | 0.5x |
| Mon, 01 Jul 2024 | HK$1.9t | HK$3.4t | -HK$17,165,858,914.72 | 6.6x | -110x | 0.6x |
| Wed, 29 May 2024 | HK$2.2t | HK$4.0t | -HK$67,867,151,392.33 | 7.4x | -31.9x | 0.5x |
| Fri, 26 Apr 2024 | HK$1.9t | HK$4.0t | -HK$77,396,150,131.55 | 6.7x | -25x | 0.5x |
| Sun, 24 Mar 2024 | HK$1.9t | HK$3.9t | -HK$154,742,810,615.11 | 6.6x | -12.5x | 0.5x |
| Tue, 20 Feb 2024 | HK$1.9t | HK$3.9t | -HK$171,163,999,352.80 | 6.1x | -11.4x | 0.5x |
| Thu, 18 Jan 2024 | HK$2.0t | HK$4.0t | -HK$179,706,052,410.00 | 6.4x | -10.9x | 0.5x |
| Sat, 16 Dec 2023 | HK$2.2t | HK$4.0t | -HK$181,911,265,512.00 | 6.8x | -12.2x | 0.6x |
| Mon, 13 Nov 2023 | HK$2.2t | HK$3.9t | -HK$173,053,228,199.00 | 7.2x | -12.6x | 0.6x |
| Wed, 11 Oct 2023 | HK$2.3t | HK$3.9t | -HK$171,844,316,291.00 | 7.2x | -13.6x | 0.6x |
| Fri, 08 Sep 2023 | HK$2.6t | HK$4.0t | -HK$154,443,405,638.00 | 7.7x | -16.7x | 0.6x |
| Sun, 06 Aug 2023 | HK$2.8t | HK$4.7t | -HK$39,675,539,370.00 | 7.8x | -69.7x | 0.6x |
| Tue, 04 Jul 2023 | HK$2.8t | HK$4.8t | HK$4.9b | 7.5x | 577.4x | 0.6x |
| Thu, 01 Jun 2023 | HK$2.7t | HK$4.8t | HK$1.7b | 6.8x | 1552.6x | 0.5x |
| Sat, 29 Apr 2023 | HK$3.1t | HK$5.0t | HK$20.0b | 7.7x | 154.4x | 0.6x |
| Mon, 27 Mar 2023 | HK$3.1t | HK$5.5t | HK$298.0b | 6.2x | 10.5x | 0.6x |
| Wed, 22 Feb 2023 | HK$3.3t | HK$5.5t | HK$366.9b | 6.5x | 9.1x | 0.6x |
| Fri, 20 Jan 2023 | HK$3.4t | HK$5.6t | HK$370.7b | 6.4x | 9.3x | 0.6x |
| Sun, 18 Dec 2022 | HK$3.3t | HK$5.5t | HK$365.5b | 6.7x | 9.1x | 0.6x |
Price to Earnings Ratio
9.1x
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 0.61x.
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 industry?
| HK Market | -1.82% | |
| Real Estate | -2.64% | |
| Real Estate | -2.65% | |
| Real Estate Services | -1.83% | |
| Real Estate Operating Companies | -2.29% | |
| Diversified Real Estate | -2.41% | |
| Real Estate Development | -2.96% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry even though it's trading below its 3-year average PE ratio of 35.1x.
- Analysts are expecting annual earnings growth of 7.3%, which is lower than the prior year's growth of 10.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Real Estate Services industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| 14 Hysan Development | HK$18.50 | 4.0% +HK$729.2m | 46.8% | PS5.4x | |
| 17 New World Development | HK$7.05 | 4.0% +HK$679.5m | 10.3% | PS0.6x | |
| 83 Sino Land | HK$10.68 | 0.6% +HK$549.0m | 33.0% | PE24.3x | |
| 565 Art Group Holdings | HK$1.58 | 9.7% +HK$376.4m | 13.7% | PE88.8x | |
| 2869 Greentown Service Group | HK$4.45 | 2.1% +HK$277.5m | 12.1% | PE16.2x |
