UBS predicts strong growth in Hong Kong property market

Hang Seng Index early low open, but in the afternoon, led by a A-share a strong rise, the closing price Rose 0.35%, reported 17121.82 points, a deal of HK $58.85 billion; the Heng Seng Real estate classification indices rose 5.43%, far away to win the HSI. UBS said that because of the low cost of credit to rekindle the market expectations of asset inflation, coupled with the rapid expansion of local liquidity, the real estate market in Hong Kong, a tight supply of real estate prices constitute a very strong support; It is also noteworthy that Hong Kong residents ' income is almost certainly suppressed by the global recession, But as the trade cycle stabilises later this year, incomes may stabilise.　　Combined with the above factors, the real estate market in Hong Kong will rise strongly. Shares: the letter and home purchase (0083-HK) rose 9.2% to 12.82 Hong Kong dollar, Sun Hung Kai Property (00016-HK) rose 5.82% to 90.90 Hong Kong dollar, Cheung Kong (00001-HK) Rose 6.99%, reported 88.80 Hong Kong dollar; New World Development (00017-HK) Rose 7.98% to HK $13.80, and the United States Union Group (01200-HK) rose 9.8% to 4.37 Hong Kong dollars.