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

2 July 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

◆ 33 transactions recorded at ‘Top 35’ estates in the secondary market last week +852 2996 6918

Raymond Liu*, CFA

◆ 28 units to be launched for sale at The Headland Residences Analyst, Asia Real Estate and Conglomerates

The Hongkong and Shanghai Banking Corporation Limited

◆ 11.5k new homes sales recorded in 1H26 raymond.w.m.liu@hsbc.com.hk

+852 2996 6743

Mainland China Oliver Yu*

Analyst, Asia Real Estate

◆ Shanghai sells five residential sites for RMB12.6bn The Hongkong and Shanghai Banking Corporation Limited

oliver.y.o.x.yu@hsbc.com.hk

◆ Hangzhou sells five residential sites for RMB5.1bn +852 2288 2050

◆ Guangzhou sells two residential sites for RMB2.4bn Stephen Wang*, CFA Analyst, Asia Real Estate

◆ 72 units at COLI Antiyayuan sold out on launch day stephen.wang@hsbc.com.hk

+852 2284 1675

Brian Yu*

Research focus Associate, Asia Real Estate Research

brian.d.yu@hsbc.com.hk

China Real Estate: A positive leading indicator after valuation reset +852 28227281

Stephen Wang*, CFA Tong Yu*, CFA

Associate

◆ Valuation reset after sharp pullback, on par with recent troughs, offering Guangzhou

opportunities

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

◆ Land auctions in top-tier cities are signalling a luxury-led recovery, a leading not registered/ qualified pursuant to FINRA regulations.

indicator to anchor price expectations