Group 1 - The core viewpoint of the news is that the commercial property market is showing signs of recovery, with a significant increase in registration numbers and amounts in the first five months of 2025, attributed to previous price declines and favorable market conditions [1][2] - In the first five months of 2025, the total number of commercial property registrations reached 1,861, representing a year-on-year increase of 39.8%, while the registered amount was approximately HKD 25.311 billion, also up by 39.7% [1] - The increase in registration volume is driven by a previous sharp decline in property prices, lower interest rates, and a buoyant stock market, which have attracted more buyers into the market [1] Group 2 - Despite the overall increase in commercial property registrations, shop transactions lagged behind the market, with only 395 registrations in the same period, a modest year-on-year increase of 6.5%, and a registered amount of approximately HKD 6.467 billion, down by 26.7% [2] - The retail sector is experiencing weakness, as indicated by a 2.3% year-on-year decline in retail sales value in April, which has negatively impacted the commercial property market [2] - The company believes that while transaction volumes may continue to rise in the second half of the year due to lower interest rates, the overall transaction amounts may be affected by uncertainties related to trade wars [2] Group 3 - The company suggests that the government should host more high-value economic events and trade activities to revitalize the economy, such as inviting international sports teams and famous artists to perform in Hong Kong [3] - It is recommended that the government increase the investment cap for non-residential properties in the new investment immigration program to HKD 10 million, allowing applicants to invest in larger commercial properties [3]
美联：料香港工商铺物业今年终见曙光 建议调高投资移民买工商铺上限