中原：今年首11个月香港400万港元以下一、二手私楼成交破1.26万宗 创9年新高

Group 1 - The Hong Kong government's decision to raise the stamp duty threshold from HKD 100 to HKD 4 million has led to a surge in demand for properties priced below HKD 4 million, resulting in a significant increase in market transactions [1][3] - In the first 11 months of this year, there were 12,620 transactions for private residential properties priced below HKD 4 million, representing a 20% increase compared to the total of 10,480 transactions in the previous year, marking the highest level since 2016 [1][4] - The proportion of transactions for properties priced below HKD 4 million has risen to 24% of total transactions, a significant rebound from the low of 3,949 transactions in 2020 and a stark contrast to the less than 10% share during the peak market years of 2019 to 2021 [1][3] Group 2 - In the primary market, developers have launched 17,545 new registrations this year, with 1,873 transactions for properties priced below HKD 4 million, reflecting a 65% year-on-year increase [3] - The secondary market recorded 33,753 transactions this year, with 10,747 transactions (31%) for properties priced below HKD 4 million, a 15% increase compared to the previous year [3][4] - The average price per square foot for properties in Tsuen Wan Center, which has a high concentration of transactions below HKD 4 million, is approximately HKD 9,300, indicating strong demand in this segment [3][4] Group 3 - The current market conditions, including the low stamp duty and recent interest rate cuts, have made rental yields for many properties exceed the interest rate level of 3.25%, creating an attractive investment environment [4] - The market for smaller units (Class A to C) has shown stronger growth, with a 1.8% increase in the first ten months of the year, compared to a 0.9% increase for larger units, highlighting the popularity of lower-priced properties [4] - The total number of transactions for properties priced below HKD 4 million is expected to reach 13,000 by the end of the year, the highest level in 11 years since 2014 [4]