Mainlanders drive up home prices

Source: The Standard, Sep 30 2016

The media have started reporting about record prices achieved for properties in Hong Kong’s secondary housing market, as more and more mainland investors invest in the SAR. Other than this, there was no major local news.

The local housing market has nearly recovered fully after the 15-20 percent drop in prices since last October. Morgan Stanley favors Sun Hun Kai Properties (0016), Wharf (0004) and Link REIT (0823), while Goldman Sachs likes Cheung Kong Property (1113) and Swire Properties (1972).

Value Partners (0806) is one of the most successful local fund management firms over the past 20 years. Chairman Cheah Cheng-hye said now is the best time to buy Chinese stocks.

Read more: http://www.thestandard.com.hk/section-news.php?id=174577

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