Daily dose of HK & mainland China Real Estate Research Focus and Views on the News

Research evidence excerpt

Daily dose of HK & mainland China Real Estate Research Focus and Views on the News

11 May 2026

Daily dose of HK & mainland EquitiesReal Estate

China Real Estate

Research Focus and Views on the News HK & mainland China

Highlights of the day

Michelle Kwok*

Head of Asia Real Estate and HK Equity Research

Hong Kong The Hongkong and Shanghai Banking Corporation Limited

michellekwok@hsbc.com.hk

◆ CCL Index up 0.24% w-o-w to 155.58 points +852 2996 6918

◆ Thirteen ‘Top 10’ home purchases recorded in the secondary market over the RaymondAnalyst, AsiaLiu*,RealCFAEstate and Conglomerates

past weekend The Hongkong and Shanghai Banking Corporation Limited

raymond.w.m.liu@hsbc.com.hk

◆ One Victoria Cove Phase 3 sold out 130 units +852 2996 6743

Oliver Yu*

Mainland China Analyst, Asia Real Estate

The Hongkong and Shanghai Banking Corporation Limited

◆ Guangzhou releases the 2026 land supply plan oliver.y.o.x.yu@hsbc.com.hk

+852 2288 2050

◆ Poly’s Guangzhou Haizhu project records RMB1.8bn in first-day sales Stephen Wang*, CFA

Analyst, Asia Real Estate

◆ Vanke’s RMB2bn MTN extension plan approved The Hongkong and Shanghai Banking Corporation Limited

stephen.wang@hsbc.com.hk

◆ COLI’s April contracted sales down 15% m-o-m but up 20% y-o-y to RMB24bn +852 2284 1675

Tong Yu*, CFA

◆ Yuexiu’s April contracted sales down 16% m-o-m but and 17% y-o-y to RMB9bn Associate

Guangzhou

Research focus * Employed by a non-US affiliate of HSBC Securities (USA) Inc, and is

not registered/ qualified pursuant to FINRA regulations.

Airbnb Inc (ABNB US): Improving growth momentum Raymond Liu*, CFA

◆ Better-than-expected 1Q26 results, with management raising its growth

guidance supported by growth initiatives

◆ Monetisation initiatives like hotel partnerships are gaining momentum; AI