Hong Kong property amid rate cuts

A historic moment for Hong Kong's property market. Estimated reading time: 27 minutes

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Hong Kong equities have been left for dead. And nowhere is the pessimism greater than when it comes to Hong Kong property stocks.

On 17 September 2024, the Hang Seng Properties Index reached almost the exact same level as during the Great Financial Crisis of 2009.

Source: Investing.com

Surely, there must be value to be found － somewhere.

The property market has been weighed down by record interest rates. But as I’m publishing this, we will soon see whether the Federal Reserve will finally enter a rate-cut cycle. And in Asia, nobody will benefit more than Hong Kong’s top property developers.

In this post, I’ll discuss each of Hong Kong’s main property markets － residential, office, retail and hospitality － and how lower interest rates will impact them. I’ll then introduce the key stocks in each of these sectors.