SHK PPT(HK:00016) Bei Ke Cai Jing·2026-01-13 12:56Core Viewpoint - The Hong Kong property market is experiencing a significant recovery, driven by the removal of cooling measures and a favorable economic environment, leading to increased buyer confidence and transaction volumes [1][2][4][10]. Group 1: Market Performance - Hong Kong's Sierra Sea Phase 2A recorded approximately 42,000 buyer registrations, with 213 units oversubscribed by over 196 times, setting a new record for 2023 [1]. - In 2025, the total number of property transactions reached 80,702, the highest in four years, with residential transactions totaling 62,832, valued at HKD 519.83 billion, marking year-on-year increases of 18.3% and 14.4% respectively [2]. - The Central City Leading Index (CCL) rose to 144.11 points in 2025, a 4.7% increase year-on-year, indicating a reversal of the previous three years' decline [2]. Group 2: Factors Driving Recovery - The recovery of the Hong Kong property market is attributed to multiple factors, including global economic conditions, interest rate cuts stimulating demand, and a clear economic recovery [4][5][6]. - The rental market's new dynamics, with high rental yields and a significant percentage of properties offering lower costs than renting, are encouraging buyers to enter the market [5][6]. - The local economic recovery is evidenced by a 40% rebound in the Hong Kong stock market and a 3.8% year-on-year GDP growth in the third quarter of 2025 [6]. Group 3: Policy Impact - The comprehensive removal of cooling measures in 2024 has significantly lowered entry barriers for non-local buyers, enhancing their willingness to invest in Hong Kong real estate [8][9]. - The introduction of talent attraction policies has further stimulated demand, with a notable increase in the number of Mandarin-speaking buyers entering the market [9]. Group 4: Future Outlook - The property market is expected to continue its upward trajectory in 2026, with a projected 15% increase in property prices and a significant rise in transaction volumes for both new and second-hand properties [10][11]. - The rental market is also anticipated to see a 5% increase in rents, although property price growth is expected to outpace rental increases [12].