Zhi Tong Cai Jing·2025-11-12 04:02Group 1 - New World Development's stock price increased by approximately 3.45%, reaching HKD 101.9, with a trading volume of HKD 403 million [1] - In October, the transaction volume of luxury residential properties in Hong Kong exceeding HKD 50 million rose to 66 transactions, a significant increase from 33 transactions in September, marking a year-high since October of the previous year [1] - The positive market sentiment in September was attributed to the overall favorable atmosphere in the property market and expectations of interest rate cuts by the Federal Reserve, leading to a simultaneous increase in both volume and price [1] Group 2 - According to a report from Credit Lyonnais, the initial price of the second phase of the residential project "The Sky" by New World Development is 29% higher than the first phase [1] - The rebound in Hong Kong property prices, which have increased by 4% from their lows, is supported by strong rental demand and easing sales pressure due to the anticipated interest rate cuts in the U.S. [1] - Credit Lyonnais forecasts a 5% increase in Hong Kong property prices by 2026 and believes that leading developers like New World Development will benefit from the recovery in the real estate market [1] - The target price for New World Development has been raised from HKD 63.6 to HKD 110, with the rating upgraded from "underperform" to "outperform" [1]