内地买家大手笔入场！香港楼市量价齐升，租金都连涨9个月

Core Viewpoint - The Hong Kong real estate market is experiencing a significant recovery after three years of decline, driven by pent-up demand from both local and mainland buyers, as well as supportive government policies and favorable macroeconomic conditions [4][11][21]. Market Recovery - The recovery in the Hong Kong property market has been evident since early this year, with the number of transactions for new residential properties exceeding 1,000 for eight consecutive months from February to September, the longest streak since 2019 [4][9]. - In October, the market is expected to maintain this momentum, with new residential transactions projected to exceed 2,000 [4]. - The secondary housing market is also showing signs of recovery, with expectations of over 4,000 transactions in October [4][9]. Price Trends - The private residential price index has risen for five consecutive months as of August, indicating a recovery from a prolonged downturn [4][9]. - Rental prices have increased for nine months straight, reaching a six-year high, with average rents for units under 40 square meters in various districts showing strong upward trends [7][8]. Buyer Demographics - The proportion of mainland buyers in the Hong Kong secondary residential market has been steadily increasing, nearing 20% over the past five years, particularly in the luxury segment [12]. - Many mainland buyers are attracted by Hong Kong's talent and investment policies, which aim to draw professionals and high-net-worth individuals [12][15]. Government Policies - The Hong Kong government has implemented various talent input programs, receiving over 190,000 applications since last year, with nearly 140,000 approved, contributing to the demand for housing [14]. - Recent government initiatives, including adjustments to investment immigration thresholds and educational policy changes, are expected to provide additional support to the real estate market [21]. Macroeconomic Factors - The linkage of the Hong Kong dollar to the US dollar means that local interest rates are closely tied to US Federal Reserve policies. Recent rate cuts by the Fed have led to lower mortgage rates in Hong Kong, enhancing buyer confidence [17]. - The anticipated continuation of a low-interest-rate environment is expected to further stimulate demand in the housing market [17]. Market Sentiment - The current market sentiment is positive, with significant interest from buyers, particularly in prime locations, and a notable increase in the number of applications for new developments [19][21]. - The competitive nature of the market is highlighted by high subscription rates for new property launches, indicating strong demand [21].