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Hong Kong (HSI) Real Estate Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies226
  • 7D1.6%
  • 3M8.4%
  • 1Y34.6%
  • YTD15.8%

The Real Estate industry is up 1.6% in the last week, with Sun Hung Kai Properties up 5.2%. In the last 12 months, the industry was up 35%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026HK$2.5tHK$2.7t-HK$123,873,364,242.8414.8x-19.9x0.9x
Mon, 12 Jan 2026HK$2.2tHK$2.6t-HK$122,501,727,513.3214.1x-18x0.8x
Wed, 10 Dec 2025HK$2.1tHK$2.6t-HK$120,051,132,165.5613.6x-17.8x0.8x
Fri, 07 Nov 2025HK$2.2tHK$2.6t-HK$132,390,002,697.2513x-16.3x0.8x
Sun, 05 Oct 2025HK$2.2tHK$2.6t-HK$129,820,083,394.6714x-16.7x0.8x
Tue, 02 Sep 2025HK$2.2tHK$2.6t-HK$132,278,966,940.4713x-16.4x0.8x
Thu, 31 Jul 2025HK$2.2tHK$3.0t-HK$166,082,806,583.0711.7x-13.1x0.7x
Sat, 28 Jun 2025HK$2.1tHK$3.0t-HK$174,387,475,064.8711.1x-12x0.7x
Mon, 26 May 2025HK$1.9tHK$3.0t-HK$173,095,146,063.3310.3x-11.2x0.6x
Wed, 23 Apr 2025HK$1.9tHK$2.9t-HK$168,760,605,972.7610.8x-11.4x0.7x
Fri, 21 Mar 2025HK$2.0tHK$3.4t-HK$272,849,501,831.128.5x-7.3x0.6x
Sun, 16 Feb 2025HK$1.9tHK$3.4t-HK$247,547,436,609.867.3x-7.6x0.6x
Tue, 14 Jan 2025HK$1.8tHK$3.1t-HK$87,094,217,262.016.8x-20.3x0.6x
Thu, 12 Dec 2024HK$1.9tHK$3.1t-HK$97,089,507,754.407.4x-20.1x0.6x
Sat, 09 Nov 2024HK$2.1tHK$3.1t-HK$93,608,477,232.198.1x-22.5x0.7x
Mon, 07 Oct 2024HK$2.3tHK$3.2t-HK$93,078,599,363.329x-25x0.7x
Wed, 04 Sep 2024HK$1.7tHK$3.2t-HK$73,104,236,583.836.8x-23.6x0.5x
Fri, 02 Aug 2024HK$1.8tHK$3.4t-HK$20,095,496,780.216.7x-89.6x0.5x
Sun, 30 Jun 2024HK$1.9tHK$3.4t-HK$16,818,758,914.726.6x-112.3x0.6x
Tue, 28 May 2024HK$2.2tHK$4.0t-HK$68,084,992,926.437.5x-32.1x0.6x
Thu, 25 Apr 2024HK$1.9tHK$4.0t-HK$77,603,116,248.226.7x-24.5x0.5x
Sat, 23 Mar 2024HK$1.9tHK$3.9t-HK$139,041,269,651.326.3x-13.9x0.5x
Mon, 19 Feb 2024HK$2.0tHK$3.9t-HK$171,317,932,397.186x-11.6x0.5x
Wed, 17 Jan 2024HK$2.0tHK$4.0t-HK$179,766,373,161.006.9x-11.4x0.5x
Fri, 15 Dec 2023HK$2.1tHK$4.0t-HK$181,036,993,204.006.8x-11.7x0.5x
Sun, 12 Nov 2023HK$2.2tHK$3.9t-HK$173,053,228,199.007.2x-12.6x0.6x
Tue, 10 Oct 2023HK$2.3tHK$4.0t-HK$172,398,258,970.007.1x-13.5x0.6x
Thu, 07 Sep 2023HK$2.6tHK$4.0t-HK$155,236,605,875.007.7x-16.8x0.6x
Sat, 05 Aug 2023HK$2.8tHK$4.7t-HK$39,428,181,786.007.8x-70.2x0.6x
Mon, 03 Jul 2023HK$2.8tHK$4.8tHK$5.0b7.5x561.6x0.6x
Wed, 31 May 2023HK$2.7tHK$4.9tHK$1.3b6.9x2034.7x0.6x
Fri, 28 Apr 2023HK$3.1tHK$5.0tHK$20.1b7.6x153x0.6x
Sun, 26 Mar 2023HK$3.1tHK$5.5tHK$303.3b6.2x10.3x0.6x
Tue, 21 Feb 2023HK$3.3tHK$5.5tHK$367.5b6.3x9x0.6x
Price to Earnings Ratio

9x


Total Market Cap: HK$3.3tTotal Earnings: HK$367.5bTotal Revenue: HK$5.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Real Estate Industry Price to Earnings3Y Average 88.3x202420252026
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 0.63x.
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 Market0.51%
Real Estate1.66%
Real Estate1.56%
Diversified Real Estate4.42%
Real Estate Operating Companies1.85%
Real Estate Development0.13%
Real Estate Services-1.53%
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 27.0x.
    • Analysts are expecting annual earnings growth of 6.6%, 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 30% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Real Estate Services industry is expected to see its earnings grow by 6.6% 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
16 Sun Hung Kai PropertiesHK$133.705.2%
+HK$19.1b		86.9%PE20.1x
83 Sino LandHK$12.594.0%
+HK$4.6b		62.0%PE29.7x
1209 China Resources Mixc Lifestyle ServicesHK$48.023.6%
+HK$3.8b		59.0%PE25.7x
1113 CK Asset HoldingsHK$46.902.3%
+HK$3.7b		41.3%PE14.5x
1972 Swire PropertiesHK$25.121.9%
+HK$2.8b		63.8%PS8.9x

Latest News

17
HK$10.70
New World Development
7D
7.5%
1Y
149.4%
83
HK$12.59
Sino Land
7D
4.0%
1Y
62.0%

There's Reason For Concern Over Sino Land Company Limited's (HKG:83) Price

Feb 11
There's Reason For Concern Over Sino Land Company Limited's (HKG:83) Price
101
HK$9.77
Hang Lung Properties
7D
3.1%
1Y
55.3%

101: Upcoming Results And Dividend Decision Will Support Balanced Return Potential

Analysts now see fair value for Hang Lung Properties at HK$10.43 versus HK$9.94 previously. This reflects updated assumptions around slightly higher revenue growth, a marginally lower discount rate, a modestly lower profit margin, and a higher future P/E multiple.
1972
HK$25.12
Swire Properties
7D
1.9%
1Y
63.8%

1972: Lower Discount Rate And Dividend Plans Will Shape Stable Outlook

Analysts have inched up their price target for Swire Properties from HK$24.64 to about HK$24.86, citing small tweaks in fair value estimates, discount rate assumptions, and expected profit margins and future P/E as the main drivers of the change. What's in the News A board meeting is scheduled for March 12, 2026, to consider announcing annual results for the year ending December 31, 2025 (Key Developments).
1209
HK$48.02
China Resources Mixc Lifestyle Services
7D
3.6%
1Y
59.0%
12
HK$32.40
Henderson Land Development
7D
1.3%
1Y
52.1%

What Does Henderson Land Development Company Limited's (HKG:12) Share Price Indicate?

Feb 04
What Does Henderson Land Development Company Limited's (HKG:12) Share Price Indicate?
16
HK$133.70
Sun Hung Kai Properties
7D
5.2%
1Y
86.9%

16: Adjusted Margins And Board Actions Will Shape Steady Future Returns

Analysts have lifted their fair value estimate for Sun Hung Kai Properties from HK$120.00 to about HK$134.20, citing updated assumptions around valuation multiples, discount rates and margins as key drivers of the change. What's in the News A board meeting is scheduled for February 26, 2026, to approve and publish interim results for the six months ended December 31, 2025, and to consider an interim dividend (Key Developments).
1113
HK$46.90
CK Asset Holdings
7D
2.3%
1Y
41.3%

1113: Fair Value View Will Balance Higher Growth Assumptions With Lower Margins

Analysts have lifted their price target for CK Asset Holdings by HK$1.0 to HK$49.0, citing updated assumptions that include a revised fair value estimate, an adjusted discount rate, changes to revenue growth and profit margin expectations, and a different forward P/E multiple. Valuation Changes Fair Value: Revised slightly higher from HK$48.0 to HK$49.0 per share.
813
HK$0.20
Shimao Group Holdings
7D
-17.7%
1Y
-79.1%
817
HK$1.69
China Jinmao Holdings Group
7D
-2.3%
1Y
70.7%

After Leaping 41% China Jinmao Holdings Group Limited (HKG:817) Shares Are Not Flying Under The Radar

Jan 28
After Leaping 41% China Jinmao Holdings Group Limited (HKG:817) Shares Are Not Flying Under The Radar
2669
HK$4.33
China Overseas Property Holdings
7D
-2.5%
1Y
-12.5%
1109
HK$30.96
China Resources Land
7D
-2.3%
1Y
22.9%
960
HK$10.03
Longfor Group Holdings
7D
-2.3%
1Y
-3.4%
1908
HK$15.49
C&D International Investment Group
7D
-4.5%
1Y
7.6%

An Intrinsic Calculation For C&D International Investment Group Limited (HKG:1908) Suggests It's 39% Undervalued

Jan 07
An Intrinsic Calculation For C&D International Investment Group Limited (HKG:1908) Suggests It's 39% Undervalued
108
HK$2.40
GR Life Style
7D
-8.0%
1Y
215.8%
688
HK$14.31
China Overseas Land & Investment
7D
-0.7%
1Y
6.3%