FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 美聯集團有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年12月1日 III.已發行股份及/或庫存股份變動詳情 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01200 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | ...

岑颂谦预计，12月一手成交量继续超过千宗，即届时将连续11个月录逾千宗，并预期12月累积货尾量将 续减，年底有望进一步跌穿1.9万伙水平。 智通财经APP获悉，据美联物业研究中心资料显示，11月(截至26日)香港累积货尾量(包括楼花及现楼) 录约19060个单位，环比续减2.9%，连跌10个月，创自2023年6月后的29个月(近2年半)新低，比起今年1 月高位23121伙已大幅减少超过4000伙，跌约17.6%。 美联物业分析师岑颂谦指出，若将最新11月(截至26日)的货尾数量与今年1月货尾高峰期约23121伙相 比，港、九及新界3区的货尾量均全线减少。减幅最多的是九龙区(包括将军澳及西贡)，该区最新录 10213伙，较1月大幅减少约2780伙，减幅达21.4%。 ...

Core Insights - The latest "Centaline Property Price Index" reports a value of 131.92, reflecting a weekly decline of 0.16% and a 0.14% drop compared to four weeks ago, while year-to-date prices have increased by 2.96% and are up 4.47% from the year's low [1] - The "Centaline Confidence Index," which indicates owners' willingness to sell, stands at 76.1, down 0.4% weekly, but has remained above the average for 51 consecutive weeks, suggesting potential for price increases [1] Price Trends by Region - The "Centaline Hong Kong Island Price Index" is at 137.67, up 0.18% weekly; the "Centaline Kowloon Price Index" is at 137.84, up 0.15%; conversely, the "Centaline New Territories Price Index" is at 120.17, down 0.54% [1] - Compared to four weeks ago, Hong Kong Island and Kowloon prices increased by 1.51% and 0.14%, respectively, while New Territories prices decreased by 0.92%; year-to-date, all three regions have seen price increases of 1.29%, 5.2%, and 1.68% respectively [1] Discounted Listings - Among the three regions, the New Territories has the highest ratio of discounted listings; the highest discount rates are found in B-class units with usable areas between approximately 431 to 752 square feet, followed by A-class units at or below 430 square feet, and C-class units between approximately 753 to 1075 square feet [2]

Core Insights - The transaction volume of luxury residential properties in Hong Kong exceeding HKD 50 million reached 66 cases in October, a significant increase from 33 cases in September, marking a nearly 100% rise and the highest level in a year since October last year [1] - For the first ten months of this year, there were 322 transactions of luxury properties exceeding HKD 50 million, slightly below the 331 transactions recorded in the same period last year, representing the second-highest level in nearly seven years [1] - Factors such as the US resuming interest rate cuts, easing monetary policy in mainland China, and a reduction in US-China tariff disputes are boosting market confidence, alongside the launch of new luxury property projects [1] Market Performance - The luxury property market is expected to challenge the 400 transaction mark for properties exceeding HKD 50 million this year, potentially surpassing last year's record of 396 transactions and setting a new high since the implementation of the first-hand sales regulations in 2013 [1] - Among the 322 transactions recorded in the first ten months, the Kai Tak area led with 71 transactions, followed by Hong Kong Island and Ap Lei Chau with 66 transactions, and Mid-Levels with 43 transactions [1] - The top five districts accounted for 245 transactions, representing 76% of the total transactions during this period [1] New Developments - In terms of new developments, the Wong Chuk Hang area recorded the highest number of transactions with 32 cases, followed by Ap Lei Chau with 30 cases, and Kai Tak with 28 cases [2] - Other notable projects include St. George's Mansions in Ho Man Tin with 26 transactions and the Kai Tak Tian Long with 23 transactions [2] - Although the top five areas for transactions are concentrated in Hong Kong Island and Kowloon, there were also transactions exceeding HKD 50 million in the New Territories, including 7 cases in Tai Po and 4 cases in Ma On Shan [2]

Core Insights - As of November 10, a total of 108 stocks reached their 52-week highs, with notable performers including Taijin Holdings (08321), OKURA HOLDINGS (01655), and Hejia Holdings (00704) achieving high rates of 125.00%, 84.90%, and 53.57% respectively [1] Summary by Category 52-Week Highs - Taijin Holdings (08321) closed at 0.620 with a peak price of 0.900, marking a 125.00% increase - OKURA HOLDINGS (01655) reached a closing price of 0.280 and a high of 0.355, reflecting an 84.90% rise - Hejia Holdings (00704) had a closing price of 0.345 and a peak of 0.430, showing a 53.57% increase - Other notable stocks include Sanhe Chemical (00301) with a 41.67% increase and Aide New Energy (02623) with a 36.25% rise [1] 52-Week Lows - Wangshan Wangshui-B (02630) recorded a closing price of 52.850 and a low of 51.000, resulting in a -21.84% decrease - Eight Horses Tea (06980) had a closing price of 52.850 and a low of 51.100, reflecting a -10.98% decline - New Enjoy Times (08519) reached a low of 0.270, marking a -10.00% drop - Other significant declines include Jiujiang Bank (06190) at -8.99% and Kun Group (00924) at -6.98% [3][4]

Core Viewpoint - The Hong Kong property market shows signs of recovery with the latest Centaline Property Index reporting 131.87 points, reflecting a week-on-week increase of 0.16% and a year-to-date increase of 2.92% [1] Group 1: Market Trends - The Centaline Property Index has risen by 0.69% compared to four weeks ago, indicating a positive trend in the market [1] - The confidence index, which reflects the owners' listing attitude, is at 76.1 points, up 0.3% week-on-week, and has remained above 75 points for 14 consecutive weeks [1] - The confidence index has been above the average for 49 weeks, suggesting a strong potential for continued price increases in the Hong Kong property market [1] Group 2: Regional Price Changes - The Centaline Kowloon Property Index is at 137.3 points, up 0.37% week-on-week, while the New Territories Index is at 121.37 points, up 0.23% [1] - In contrast, the Centaline Hong Kong Island Property Index is at 134.58 points, reflecting a week-on-week decrease of 0.6% [1] - Comparing to four weeks ago, Kowloon and New Territories have increased by 0.93% and 1.04% respectively, while Hong Kong Island has decreased by 0.97% [2] Group 3: Year-to-Date Performance - Year-to-date, Kowloon and New Territories have seen increases of 4.79% and 2.7% respectively, while Hong Kong Island has experienced a decline of 0.99% [2]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 美聯集團有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01200 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月底法定/ ...

Core Insights - The Hong Kong property market is experiencing a resurgence in transactions, with a notable increase in both secondary and primary property sales [1] Group 1: Market Performance - Last weekend, the top 10 secondary housing estates in Hong Kong recorded 12 transactions, a week-on-week increase of 33.3%, returning to double-digit levels [1] - When considering 15 major estates, there were 16 transactions, reflecting a week-on-week rise of 14.3% [1] Group 2: Factors Influencing Market Activity - The recent strong sales of new developments, such as the "woodis" project on Hong Kong Island, which sold 75 units on the first day, are contributing to increased market activity [1] - The reintroduction of interest rate cuts has bolstered buyer confidence, leading to a quicker search for bargains in the secondary market as prices stabilize [1] Group 3: Future Expectations - The overall trading performance in Hong Kong's property market is expected to be active this month, with primary sales projected to exceed 2,000 transactions, indicating a month-on-month increase [1] - The secondary market is also anticipated to see growth compared to September's performance [1]

Core Insights - The transaction volume in Hong Kong's second-hand market for subsidized housing and public housing in Q3 recorded 691 transactions, a decrease of approximately 26.6% from 941 transactions in Q2, marking a seven-quarter low [1] Market Performance - The second-hand market for subsidized housing accounted for 520 transactions (approximately 75.3%) in Q3, with the highest transaction volume in Tin Shui Wai's Tin Shing Court, recording 18 transactions at an average price of about HKD 3.57 million [1] - The public housing segment recorded 171 transactions (approximately 24.7%) in Q3, with the highest volume in Sham Shui Po's Lee Cheng Uk Village, which had 13 transactions at an average price of about HKD 1.71 million [1] Future Outlook - Analysts expect a significant increase in transactions in the second-hand market in Q4, driven by the recent approvals sent to successful applicants of the "White Form Secondary Market Scheme 2024," potentially surpassing 1,000 transactions [1]

Core Insights - In September, mainland buyers significantly increased their purchases of residential properties in Hong Kong, with both transaction volume and value rising [1][2] - The total number of registrations by mainland buyers reached 1,304, marking a month-on-month increase of approximately 17.5%, the second highest in 10 months [1] - The monetary value involved in these transactions was about HKD 13.54 billion, reflecting a month-on-month increase of approximately 23.2%, also the highest in 10 months [1] Group 1: Market Trends - The increase in registrations is attributed to the popularity of new developments in areas like Kai Tak and Wong Chuk Hang, with many projects being mid to high-end or luxury properties [1] - Analysts suggest that the recovery of Hong Kong property prices and the resumption of interest rate cuts are likely to accelerate the pace of new property sales, potentially leading to continued growth in mainland buyer activity in Q4 [1] Group 2: Regional Preferences - In September, the Kai Tak area had the highest number of registrations from mainland buyers, totaling 147, which accounted for 60.2% of individual buyer registrations [1] - The second highest area was Wong Chuk Hang/Sham Wan, with 94 registrations, representing 54% of individual buyers, primarily from the BLUE COAST series [2] - Tseung Kwan O ranked third with 90 registrations, making up about 20% of individual buyers, mostly from the Kai Bo Fung series [2]