On October 21, Guolonghui｜UBS issued a report stating that UBS Evidence Lab surveyed 2500 mainland Chinese consumers from August 4 to September 4 on China's housing market. The results showed that with the cancellation of Hong Kong stamp duty, 29% of the respondents expressed interest in property purchasing in Hong Kong, with 18% of them planning to enter the market in the next two years. Hong Kong remains the top choice for property investment outside of mainland China. The bank believes that the intention of mainland clients to buy properties in Hong Kong is increasing, which is positive for the Hong Kong property market, especially in new property sales. Their intention to immigrate to Hong Kong also supports the bank's positive view on future population growth in Hong Kong, leading to a structural upward trend in residential rents (estimated average compound growth rate of 5% from 2024 to 2030). With further mortgage rate reductions expected, the bank predicts a rebound in Hong Kong property prices next year, revised from a flat forecast to 5% growth. In terms of budget, respondents expressed the goal of buying properties in Hong Kong below 8 million RMB. Among the bank's covered stocks, the bank prefers developers over house rental companies and is bullish on Henderson Land, Kerry Properties, Sino Land, and SHK Properties.