香港置业：1月香港二手私宅账面获利比率约65% 创11个月次高

Core Viewpoint - The profit margin for second-hand private residential properties in Hong Kong recorded approximately 65.1% in January, a slight decrease from 65.9% in December, but still the second highest in 11 months [1] Group 1: Profit Margin Analysis - The profit margin for second-hand private residential properties in January reflects the market conditions of December 2025, as there is a time lag between signing contracts and registration [1] - The increase in the proportion of registered cases with holding periods of over 5 to 10 years, from 24.2% in December to 26.4% in January, contributed to the slight decline in profit margin [4] - The profit margin for properties held for over 5 to 10 years was only 18.3%, significantly lower than the overall market profit margin of 65.1% [7] Group 2: Market Trends - Despite the slight drop in profit margin, the overall trend indicates that property prices are expected to continue rising this year, following a bottoming out in mid-last year [10] - The decrease in profit margin is attributed to the increased proportion of older properties, which tend to have lower profit margins compared to newer properties [7]