香港房地产 - 2025 年上半年总结 - 走出困境；信心增强；时间会治愈一切-Hong Kong Property_ 1H25 Wrap_ Getting Out of Woods; Higher Confidence; Time will Heal

V i e w p o i n t | 22 Aug 2025 05:51:13 ET │ 10 pages Hong Kong Property 1H25 Wrap: Getting Out of Woods; Higher Confidence; Time will Heal CITI'S TAKE 1H25 slight beat: We view intact DPS & better-than-expected retail reversion are overhang removals for the sector. Despite recent pullback on HIBOR spike, we see fundamentals are supported by (a) ST: pick-ups to continue in 2H25 (resi volume at stable price, retail sales, office enquiry); (b) LT: unwavering national supports to Hong Kong (flow of capital, e ...