Streetbeat News

SUHJY

Sun Hung Kai Properties Ltd.

https://www.shkp.com

Open

10.15

Mkt cap

29B

Volume

503

High

10.15

P/E Ratio

11.80

52-wk high

12.00

Low

9.91

Div yield

0.05

52-wk low

8.35

The Hong Kong real estate market is facing a potential bubble burst due to a sharp decline in property prices and a surge in mortgage applications. Major real estate developers like Country Garden Holdings Limited and China Evergrande Group have seen significant drops in their stock prices. Local banks like China Construction Bank Corporation and Bank of China Limited have also been affected. Despite government interventions and stimulus policies, the market remains unstable.

Portfolio Pulse from Daniel Harrison

October 06, 2023 | 3:52 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.