智通财经网·2026-02-20 08:27Group 1 - Goldman Sachs reports that the Hong Kong government's visa and immigration policies will boost property market demand, alongside strong rental growth and declining mortgage rates, leading to an increase in the forecast for Hong Kong property prices from 5% to 12% this year [1] - The firm expects a 3% increase in core Central district office rents this year, while rents in other areas are expected to remain stable [1] - The retail market outlook is cautious, with a projected moderate rental growth of 2% due to competition from local residents traveling abroad and online shopping [1] Group 2 - Goldman Sachs upgraded the ratings for Henderson Land Development (00012) and Sino Land Company (00083) to "Buy," believing these companies will benefit more from the rising cycle of the Hong Kong residential market, with target prices raised to HKD 39 and HKD 14.6 respectively [1] - The firm maintained a "Buy" rating for Sun Hung Kai Properties (00016), raising the target price to HKD 159, noting that the three companies hold about 36% of the market's unit inventory and have new projects underway [1] - Longfor Group (01113) was downgraded from "Buy" to "Neutral" due to limited local property projects and cost pressures in its UK pub business, although the target price was raised to HKD 53 [1]