Real estate stocks continue to be strong Goldman Sachs says recent rise in space is limited

The index rose 3.94% to 17660.98, a deal of HK $32.69 billion; property stocks in Hong Kong continued to move higher, continuing their recent strength, and the Hang Seng real estate category rose 4.65% to outperform.　　But Goldman Sachs said the rise in property stocks appeared to reflect a 5%-10% rise in residential property prices, as well as a stabilisation of the commercial property market, adding that the recent rally had only 6% per cent of property stocks as a whole compared to net assets, meaning that the recent rise in space was relatively limited.　　But with more signs of further macroeconomic prospects and a pick-up in the spot property market, Goldman believes that in the long run it is possible to increase both the net asset value and earnings growth of property development. Shares: Sun Hung Kai Real Estate (00016-HK) rose 3.4% to 95.80 Hong Kong dollar, Cheung Kong (00001-HK) rose 4.51% to 95.10 Hong Kong dollar, Henderson Property (00012-HK) Rose 8.18%, reported 46.30 Hong Kong dollar; New World Development (00017-HK ) fell 0.96% in soft, and reported HK $14.38. The letter and home purchase (0083-HK) rose slightly by 0.57% to HK $14.02.