HENDERSON LAND (00012.HK) -0.100 (-0.372%) Short selling $86.97M; Ratio 26.765% announced that a 223,000 square feet office and ancillary floor space in its Phase 1 project of Site 3 of New Central Harbourfront was pre-leased at a base monthly rent of $137 per square foot, JPMorgan released a research report saying. JPMorgan estimated that the actual net rent will be about $110 per square foot. Based on the total development cost of the project of $65 billion, the gross yield of the initial cost is expected to reach 3.3%. Related NewsCiti: $70B-$100B Liquidity Expected to Be Drained if HKD Exchange Rate Hits Weak-side Convertibility UndertakingConsidering the current challenging office leasing market in Hong Kong, it is believed that the rental level beats the market consensus, and will contribute about 3% of HENDERSON LAND's annual rental income.JPMorgan kept rating at Overweight on HENDERSON LAND, believing that the Group can provide a dividend yield of about 7%, which is still a relatively attractive level in the market. Meanwhile, benefited from the decline in HIBOR, the broker's target price for the stock was $25, representing a discount of 56% to the projected net asset value per share.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-16 16:25.)