Citigroup issued a report thatNewrtgcasinosnodepositbonusHong Kong's real estate industry is still bearish because of de-globalization; the four pillar industries are in the newNewrtgcasinosnodepositbonusThe performance slowed before the emergence of the driving forces; the weak economy and deflation led to high real interest rates; Hong Kong mortgage rates may not fall at the initial stage after the Fed cut interest rates; the retail sector was affected by the downgrade of tourist consumption, resulting in a decline in average spending per tourist; office space is under pressure to pick up supply but reduced demand after layoffs; relaxation of residential measures triggered short-term sales impulses and more new orders were pushed at reasonable prices.

Overall, Citi expects property stocks with high visibility of free cash flow and stable dividend prospects to outperform the market, while property companies with a residential focus, large capital expenditure plans and high asset-liability ratios are likely to lag behind. Preferences are retail rent collection stocks, developers, retail real estate investment trusts, and finally office buildings. Huaqi pointed out that as property developers are eager to push the market at reasonable prices, but demand still depends on the current pegged interest rates, it maintains the forecast that Hong Kong property prices will fall by 10% for the whole year. The bank's preferred stocks in the second quarter were Wharf Real Estate, Swire Properties and SHKP.