UBS Group's report pointed out that Hong Kong property prices have adjusted by 28% since 2018, mainly due to the high down payment limit as interest rates rise. However, the bank believes that with interest rate cuts, limited supply, inflow of population, and rising rents, property prices may start to rise from now on, expecting the compound annual growth rate of residential rents to reach 5% by 2030.

The bank has a positive attitude towards Hong Kong property stocks, believing that the current industry price is discounted by 56% compared to the average net asset value (NAV), still within a low valuation range since 1994. Property stocks are expected to continue to rebound, with Henderson Land, Kerry Properties, and SHK PPT as the preferred choices in the industry.