Central Plains Real Estate: Hong Kong residential bank stock increased 6.9% month-on-month in the second quarter, ending a three-quarter decline and rebounding

The Zhitong Finance App learned that Yang Mingyi, senior co-director of the Central Plains Real Estate Research Department, pointed out that as of June 2026, Hong Kong's overall residential bank stock was 201, an increase of 13 or 6.9% over 188 in the previous quarter. It ended 3 consecutive quarters of decline and rebounded to the level of 200, but it was still the lowest in the 12 quarters (3 years) after the second quarter of 2023.

Specifically, the stock of public and private housing has risen. Among them, the stock of private housing is 145, increasing by 7 or 5.1% from quarter to quarter, while the stock of public housing is 56, increasing by 6 or 12% from quarter to quarter. The increase in the stock stock of private real estate banks mainly came from mid-priced households, with a value of 5 to 10 million surging by nearly 80%, while other value categories declined.

She pointed out that property prices continued to rise, banks took advantage of the market's strength to speed up shipments, and HSBC (00005) also accelerated the processing of bank accounts after privatizing Hang Seng, so bank stocks were boosted. The stock market fluctuated greatly in June. Coupled with concerns about interest rate trends, second-hand transactions slowed down. It is estimated that there is an opportunity for stocks to rise further to about 240 units in the third quarter, which is still less than 300 units during the peak period in the second quarter of 2025.

Private residences were divided according to the price of the main bank listing. The increase in the second quarter of 2026 was as high as 5 to 7 million and a half times as high as 7 million and a half. However, sales volume could not keep up with the new volume, so stocks rose sharply by 86% and 67%, respectively. The increase in the main market of 10 to 20 million, 20 million or more, and 5 million or less was between 29% and 92%, but sales volume during the period was good, resulting in stocks falling by 42%, 21%, and 3%, respectively.