Core Viewpoint - The Hong Kong residential property market has shown strong trading activity this year, with prices recovering from their lows and expected to rise by approximately 3% to 5% [1] Group 1: Market Performance - The overall residential property transactions are projected to increase by about 13% year-on-year, reaching a four-year high [1] - In the first seven months of the year, local individual buyers accounted for approximately 66.8% of the registered transactions for new private residential properties, marking a recovery since 2022 and surpassing the 50% threshold [1] - The forecast for second-hand residential transactions has been raised to 45,000 units, representing a year-on-year increase of over 9%, also a four-year high [2] Group 2: Economic Factors - The anticipated reduction in U.S. interest rates in the second half of the year is expected to sustain a low-interest environment, encouraging local buyers to enter the market [1] - The government’s removal of cooling measures, relaxation of mortgage rules, and reduction of stamp duty for properties priced at or below 4 million HKD are seen as positive factors for the market [2] - The overall property transaction volume is expected to reach 76,000 units, with a transaction value of approximately 570 billion HKD, reflecting an 11% year-on-year increase [2] Group 3: Challenges and Outlook - Despite the positive market trends, potential negative factors such as rising unemployment and sufficient short-term housing supply may exert pressure on prices [2] - The local economy's recovery in sectors like retail, dining, and tourism is crucial for sustained support of the property market [2] - The company reported a revenue of 2.518 billion HKD for the six months ending June 30, 2025, a decrease of 24.1% year-on-year, with a net profit of 151 million HKD, down 13% [2]
美联集团：预计今年香港楼价回升3%至5% 上调二手住宅成交量预测至4.5万宗