UBS Group released a report stating that UBS Evidence Lab interviewed 2,500 mainland Chinese consumers regarding the housing market in China from August 4 to September 4. The results show that with the cancellation of stamp duty in Hong Kong, 29% of respondents expressed interest in purchasing property in Hong Kong. Among them, 18% of respondents plan to enter the market in the next two years, and Hong Kong remains the top destination for property purchases outside of mainland China. The bank believes that mainland clients' interest in Hong Kong properties will continue to rise, which is positive for the Hong Kong property market, especially in terms of new property sales. Their intention to immigrate to Hong Kong also supports the bank's positive outlook on future population growth in Hong Kong, leading to a structural upward trend in residential rents (with an estimated average compound growth rate of 5% from 2024 to 2030). With further reduction in mortgage rates, the bank expects Hong Kong property prices to rebound next year, adjusted from its previous expectation of remaining stable to a 5% growth. In terms of budget, respondents indicated a target buying price of less than 8 million RMB for Hong Kong properties. Among the stocks covered by the bank, they prefer developer stocks over house rental companies and are bullish on Henderson Land, Kerry Properties, Sino Land, and SHK PPT.