CK ASSET(HK:01113) 智通财经网·2026-01-12 13:25Core Viewpoint - The Hong Kong real estate market is expected to enter a clear upward cycle this year, with new and recently launched properties leading the market [1] Economic Factors - The economic growth momentum in Hong Kong is solidifying, creating a positive feedback loop between the stock and real estate markets, with sustained demand from high-net-worth individuals [1] - The talent policy incentives from mainland China are driving mainland buyers into the market, alongside a "supply exceeds rental" effect, leading to a significant increase in demand for purchasing properties [1] Interest Rates and Affordability - The global interest rate reduction cycle is clear, with anticipated cuts in the US dollar interest rates directly lowering mortgage costs in Hong Kong, significantly enhancing housing affordability [1] - The current rent-to-sale ratio is at a 10-year high, and the low-interest environment further strengthens the investment appeal of properties, effectively stimulating demand for property upgrades [1] Supply and Demand Dynamics - The supply of new private residential properties continues to tighten, accelerating the pace of inventory reduction, and shifting the supply-demand relationship from loose to balanced, providing strong support for rising property prices [1] Price Expectations - In light of the three core factors, the price increase expectation for the real estate market has been adjusted from 5% to a range of 5% to 10% [1]