Morgan Stanley: Surge in Mainland Buyers Purchasing Hong Kong Properties Driven by Yuan Appreciation, Top Pick is CK ASSET (01113)

Stock News03-11 10:34

A recent research report from Morgan Stanley indicates that a stronger Renminbi, attractive rental yields, and rebounding property prices have led to a significant increase in residential property purchases by mainland Chinese buyers in Hong Kong. During the first two months of this year, mainland buyers acquired 2,600 residential units, representing a substantial 91% year-on-year increase.

Morgan Stanley further noted that amid recent geopolitical instability in the Middle East, Hong Kong's overall stability, coupled with its low-tax regime, has enhanced its status as a key alternative financial center. This is expected to attract inflows of both capital and talent, providing a positive outlook for the local real estate market. The firm anticipates that upcoming property launches will maintain high absorption rates, with average selling prices projected to experience a modest increase. Morgan Stanley's top stock pick in this sector is CK ASSET (01113).

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