Narrative Update • Jun 04
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Hong Kong (HSI) Real Estate Development Industry Analysis
UpdatedJun 05, 2026
DataAggregated Company Financials
Companies92
- 7D1.2%
- 3M1.6%
- 1Y18.7%
- YTDn/a
In the last week, the Real Estate Development industry is up 1.2%, with China Resources Land up 1.7%. In the same time, Henderson Land Development was down 10%. In the last 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Hong Kong Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | HK$1.2t | HK$2.0t | HK$65.1b | 15.1x | 18.8x | 0.6x |
| Mon, 04 May 2026 | HK$1.2t | HK$2.0t | HK$61.5b | 15.8x | 19.4x | 0.6x |
| Wed, 01 Apr 2026 | HK$1.1t | HK$2.0t | -HK$83,454,049,622.50 | 19.7x | -13x | 0.5x |
| Fri, 27 Feb 2026 | HK$1.2t | HK$2.1t | -HK$98,592,856,572.17 | 18.7x | -12.7x | 0.6x |
| Sun, 25 Jan 2026 | HK$1.1t | HK$2.0t | -HK$96,615,720,560.01 | 18.8x | -11.8x | 0.6x |
| Tue, 23 Dec 2025 | HK$1.1t | HK$2.0t | -HK$95,453,946,706.21 | 18.1x | -11.3x | 0.5x |
| Thu, 20 Nov 2025 | HK$1.1t | HK$2.0t | -HK$97,423,619,762.67 | 19.1x | -11.6x | 0.6x |
| Sat, 18 Oct 2025 | HK$1.1t | HK$2.0t | -HK$105,774,058,643.55 | 20.2x | -10.6x | 0.6x |
| Mon, 15 Sep 2025 | HK$1.2t | HK$2.0t | -HK$101,571,377,067.17 | 21.7x | -11.8x | 0.6x |
| Wed, 13 Aug 2025 | HK$1.1t | HK$2.4t | -HK$139,184,020,061.74 | 19x | -8.3x | 0.5x |
| Fri, 11 Jul 2025 | HK$1.1t | HK$2.4t | -HK$139,237,569,300.69 | 18.5x | -8x | 0.5x |
| Sun, 08 Jun 2025 | HK$1.0t | HK$2.4t | -HK$137,658,612,157.63 | 15.7x | -7.3x | 0.4x |
| Tue, 06 May 2025 | HK$1.0t | HK$2.3t | -HK$134,648,152,225.55 | 16.7x | -7.5x | 0.4x |
| Thu, 03 Apr 2025 | HK$1.0t | HK$2.3t | -HK$129,193,316,947.28 | 16.9x | -7.8x | 0.4x |
| Sat, 01 Mar 2025 | HK$1.0t | HK$2.7t | -HK$234,728,587,716.14 | 7.8x | -4.4x | 0.4x |
| Mon, 27 Jan 2025 | HK$952.2b | HK$2.8t | -HK$235,131,476,538.61 | 7.4x | -4x | 0.3x |
| Wed, 25 Dec 2024 | HK$956.9b | HK$2.4t | -HK$85,018,955,130.96 | 7.4x | -11.3x | 0.4x |
| Fri, 22 Nov 2024 | HK$1.0t | HK$2.5t | -HK$82,094,510,214.56 | 7.9x | -12.4x | 0.4x |
| Sun, 20 Oct 2024 | HK$1.1t | HK$2.5t | -HK$82,115,895,670.74 | 8.1x | -13.2x | 0.4x |
| Tue, 17 Sep 2024 | HK$837.0b | HK$2.5t | -HK$78,273,331,188.37 | 7x | -10.7x | 0.3x |
| Thu, 15 Aug 2024 | HK$917.9b | HK$2.7t | -HK$83,626,558,278.47 | 5x | -11x | 0.3x |
| Sat, 13 Jul 2024 | HK$1.0t | HK$2.7t | -HK$82,283,457,244.80 | 6.2x | -12.4x | 0.4x |
| Mon, 10 Jun 2024 | HK$1.1t | HK$3.2t | -HK$144,037,752,536.51 | 6.1x | -7.5x | 0.3x |
| Wed, 08 May 2024 | HK$1.1t | HK$3.3t | -HK$154,098,872,981.68 | 5.8x | -7.1x | 0.3x |
| Fri, 05 Apr 2024 | HK$949.5b | HK$3.3t | -HK$154,572,487,363.44 | 4.9x | -6.1x | 0.3x |
| Sun, 03 Mar 2024 | HK$979.3b | HK$3.1t | -HK$215,024,786,812.50 | 4.8x | -4.6x | 0.3x |
| Tue, 30 Jan 2024 | HK$1.0t | HK$3.2t | -HK$218,415,833,984.00 | 5.1x | -4.6x | 0.3x |
| Thu, 28 Dec 2023 | HK$1.1t | HK$3.2t | -HK$219,514,648,029.00 | 5.6x | -5x | 0.3x |
| Sat, 25 Nov 2023 | HK$1.2t | HK$3.2t | -HK$214,903,952,042.00 | 6.5x | -5.7x | 0.4x |
| Mon, 23 Oct 2023 | HK$1.1t | HK$3.2t | -HK$210,509,322,566.00 | 6.7x | -5.5x | 0.4x |
| Wed, 20 Sep 2023 | HK$1.3t | HK$3.3t | -HK$190,308,410,758.00 | 7.2x | -6.7x | 0.4x |
| Fri, 18 Aug 2023 | HK$1.3t | HK$3.9t | -HK$79,732,801,803.00 | 6.3x | -16.5x | 0.3x |
| Sun, 16 Jul 2023 | HK$1.4t | HK$4.1t | -HK$34,407,610,018.00 | 6.6x | -40.1x | 0.3x |
| Tue, 13 Jun 2023 | HK$1.4t | HK$4.1t | -HK$32,601,506,174.00 | 6.6x | -44.1x | 0.4x |
Price to Earnings Ratio
-44.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong Real Estate Development industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.8x which is higher than its 3-year average PE of -9.3x.
- The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
- Total earnings for the Real Estate Development industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 21% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Comparison
How does Hong Kong Real Estate Development compare with similar industries?
| HK Market | 0.85% | |
| Real Estate | -0.63% | |
| Real Estate | -0.52% | |
| Real Estate Development | 1.18% | |
| Real Estate Services | 2.04% | |
| Real Estate Operating Companies | -0.46% | |
| Diversified Real Estate | -4.35% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1109 China Resources Land | HK$35.92 | 1.7% +HK$4.3b | 37.6% | PE8.7x | |
| 3380 Logan Group | HK$1.45 | 9.8% +HK$718.1m | 66.7% | PS1.1x | |
| 28 Tian An China Investments | HK$4.00 | 5.3% +HK$293.2m | -7.8% | PE3.3x | |
| 688 China Overseas Land & Investment | HK$15.64 | 0.1% +HK$218.9m | 19.0% | PE11.7x | |
| 34 Kowloon Development | HK$5.19 | 2.8% +HK$182.9m | 69.6% | PE51.9x |