HK Stock Market Move | SHK PPT (00016) rose more than 4% in the afternoon. Institutions predict that Hong Kong property prices will rise by 5% next year, benefiting leading developers such as New World Development.

SHK PPT (00016) rose more than 4% in the afternoon, up 4.16% to HK$102.6 as of the time of publication, with a trading volume of HK$6.22 billion. Lyon released a research report stating that the first issue price for SHK PPT's TiansiTian Second Phase is 29% higher than the first phase. At the same time, benefiting from the rate cuts in the United States, strong rental demand driving up rental yields, and easing sales pressure, property prices in Hong Kong have rebounded by 4% from their lows. The firm predicts that HK property prices will rise by 5% in 2026 and believes that leading developers such as Sun Hung Kai Properties will benefit. Due to the recovery of the Hong Kong property market, the firm has raised Sun Hung Kai Properties' target price from HK$63.6 to HK$110 and upgraded its rating from "underperform market" to "outperform market."