Trade

Now that we have concluded in Part 1 that property stocks will outperform inflation in the next few years, we need to consider whether the larger stock universe, say represented by the Hang Seng Index (HSI) or underlying property could do even better. Here we delve into the relative merits of various peer classes

The Hang Seng Property Index (HSP) has had a rough few years in performance, not only has the benchmark for Hong Kong property stocks massively derated since the peak in 2018, but it is now arguably stuck at a level seen as early as Q4 1996 – which is 27 years ago!