世邦魏理仕：预计未来几个月香港住宅物业成交量保持活跃并稳定增长

Group 1 - The core viewpoint is that developers are expected to actively launch properties priced below HKD 5 million to capitalize on market trends, leading to stable growth in residential property transaction volumes in the coming months [1] - In July 2025, residential property transaction volume in Hong Kong slightly decreased by 3.2% month-on-month to 5,766 transactions, but has remained above 5,000 transactions for five consecutive months, indicating a stable recovery since the market downturn in the second half of 2021 [1] - The number of unsold private residential units that have been completed but not sold decreased by 400 units over the past three months, reaching 27,200 units, suggesting that inventory levels are nearing a peak and are expected to continue declining as the market absorbs 1,000 to 2,000 new units monthly [1] Group 2 - The Hong Kong government has reduced the stamp duty for residential properties priced at HKD 4 million and below to HKD 100, which has stimulated residential transaction activity [2] - Properties valued between HKD 3 million and HKD 4 million have benefited the most from this policy, with transaction volumes increasing by 50.5% compared to the same period last year; properties below HKD 3 million and those priced between HKD 4 million and HKD 5 million saw increases of 34.0% and 29.6%, respectively [2]