摩根士丹利：香港房地产-住宅市场七年后迎来转折

June 19, 2025 10:21 AM GMT Hong Kong Property Residential turning after 7 years HK property prices are down 30% since their peak five years ago. With several drivers pointing towards a bottoming, investors could benefit from a long steady cycle ahead, with cycle low valuations, strong balance sheets and high dividend yields. We upgrade Henderson Land to OW. Key Takeaways HK home prices have fared well YTD: CCL has declined 1.5% YTD in 2025, less than our expectation of -5% in 1H25. This is driven by higher ...