EWH | SOURCE: THOUGHTS ON THE MARKET - MORGAN STANLEY
Jan 28, 2026 IC-REF: 52fdd7e0

EWH: Narrative-Price Asymmetry Profile

Executive Thesis: Hong Kong's property market is experiencing its first synchronized recovery across residential, office, and retail segments since 2018, driven by policy normalization, mainland buyer influx, and improved affordability metrics.


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