Hong Kong developers rose after Leung Chun-ying was voted in as the city's next chief executive, rebounding after their underperformance last week given uncertainty over the winner of the city's top political post. SHK Properties climbed 1.1% after falling 9% last week, Sino Land bounced 2.8% and New World Development rallied 3.6%, against a flat Hang Seng Index.
UOB says the Hong Kong government will tighten its fist on the property market in the long run, but doesn't expect 'any major changes' in the next six months, given that the housing market seems to be under control. Furthermore, if it softens further as UOB forecasts, there will be even less pressure to introduce new policies.
Given Leung didn't win unanimous support, UOBadds Leung is likely to expend much of his efforts in the initial months garnering support from various facets of society.
受梁振英当选香港新一任特首的消息提振，香港房地产股纷纷上扬，从上周因不确定谁将在特首选举中胜出而造成的低迷中反弹。新鸿基地产(SHK Properties)涨1.1%，而上周则下跌9%。信和置业(Sino Land)涨2.8%，新世界发展(New World Development)涨3.6%。香港恒生指数持平。