Core Insights - Hong Kong's secondary property prices showed signs of stabilization in Q2 2025, with the Centaline City Leading Index dropping 0.2% week-on-week to 139.94 during the week of September 22-28 [1] - Small units (under 100 square meters) saw a 0.2% month-on-month price increase, while large units (100 square meters and above) experienced a 2.7% decline [1] - Year-on-year declines narrowed to -3.8% for small units and -5.8% for large units, indicating an improvement compared to Q4 2024 [1] Property Market Trends - In 2025, low-priced new properties in the New Territories (such as Shatin, Tuen Mun, and Tseung Kwan O) gained popularity, accounting for 50% of transaction volume, while central urban areas still face inventory pressure [1] - The stamp duty policy was adjusted for residential units priced at HKD 4 million and below, reducing the stamp duty from HKD 60,000 to HKD 100, which is less aggressive than the comprehensive measures taken in 2023-2024 [1] - Despite the weaker policy measures, the proportion of mainland buyers increased to 17.74% in the first half of 2025, up from 5.90% in 2020, injecting new demand into the market [1] Economic Context - The recovery of Hong Kong's economy has led to improved income expectations, combined with a temporary easing of interest rates (such as a short-term decline in HIBOR), supporting the initial stabilization of the property market [1] - From January to August 2025, the private residential price index only slightly decreased by 0.24%, indicating signs of price stabilization after a bottoming out [1]
香港二手房价格微跌 呈磨底企稳迹象
Jing Ji Guan Cha Bao·2025-10-05 10:34