Hong Kong's Chief Executive, Lee Ka-chiu, today released his third Policy Address during his tenure. Jefferies published a report indicating that the main points include further easing the mortgage ratio for residential and non-residential properties to 70%, and including luxury homes worth HK$50 million or more in the investment immigration program. The bank believes it is moderately positive for local developers. According to Jefferies, including luxury homes in investment immigration programs and easing LTV is a moderately positive factor for developers. Sun Hung Kai Properties and Kerry Construction, which mainly focuses on luxury homes, should benefit more. The bank currently gives SHKP a “buy” rating, with a target price of HK$91. According to the report, for banks in Hong Kong, the relaxation of deferred loans and non-residential mortgage loans may delay their pressure to confirm losses in commercial real estate in Hong Kong, but the bank believes that structural problems still exist.

Hong Kong's Chief Executive, Lee Ka-chiu, today released his third Policy Address during his tenure. Jefferies published a report indicating that the main points include further easing the mortgage ratio for residential and non-residential properties to 70%, and including luxury homes worth HK$50 million or more in the investment immigration program. The bank believes it is moderately positive for local developers. According to Jefferies, including luxury homes in investment immigration programs and easing LTV is a moderately positive factor for developers. Sun Hung Kai Properties and Kerry Construction, which mainly focuses on luxury homes, should benefit more. The bank currently gives SHKP a “buy” rating, with a target price of HK$91. According to the report, for banks in Hong Kong, the relaxation of deferred loans and non-residential mortgage loans may delay their pressure to confirm losses in commercial real estate in Hong Kong, but the bank believes that structural problems still exist.