As Goldman Sachs expected, the Hong Kong government did not announce in the Budget any major stimulus measures targeting the residential market, the broker said in a research report. This market has bottomed out since mid-2025, but the tone was broadly more positive. On the back of active capital market activities and economic recovery, stamp duty and corporate tax revenues exceeded expectations. Coupled with continued control of fiscal expenditure, the fiscal surplus for FY2025/26 has been revised to a surplus of HKD2.9 billion. Related News BofAS Expects Hong Kong Property Developers to Be More Cautious on Price Increases; Most Developers' EPS Has Bottomed OutAlthough no major stimulus measures were announced for the residential market, the broker believed that better economic prospects, supportive talent visa/immigration policies, along with resuming land sales at relatively low prices, should bode well for future market sentiment and developers' profitability recovery. The broker remained optimistic about the Hong Kong residential market and highlighted its recommendations. Goldman Sachs gave a Buy rating to SHK PPT (00016.HK) -3.600 (-2.675%) Short selling $338.08M; Ratio 199.457% , HENDERSON LAND (00012.HK) -0.500 (-1.702%) Short selling $110.61M; Ratio 239.388% , and SINO LAND (00083.HK) -0.150 (-1.282%) Short selling $26.41M; Ratio 409.386% .(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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