香港房价，涨了！

Core Viewpoint - The Hong Kong real estate market is steadily recovering under a series of stimulus policies, with both residential and office markets showing signs of improvement due to structural changes driven by population and capital inflows [1]. Residential Market - The "Midland Property Price Index" has risen for six consecutive weeks, reaching 131.99 points, a week-on-week increase of 0.79%, marking the largest single-week increase in nearly a year and a half, with a cumulative increase of 3.01% this year [3]. - The "Midland Confidence Index," reflecting sellers' attitudes, stands at 77.3 points, remaining above the average for 46 consecutive weeks, with a projected price increase of 2% for the current quarter [3]. - The private residential price index has increased for five consecutive months, indicating a recovery from low levels [3]. - The total number of residential transactions in the third quarter reached approximately 16,700, a year-on-year increase of 63%, with monthly transactions maintaining above 5,000 since March [3]. - Factors contributing to the price rebound include lower mortgage rates, a "super rebound" after previous declines, and positive market sentiment regarding economic recovery [3][5]. Office Market - The office market has seen significant transactions, including Alibaba and Ant Group's acquisition of a commercial building for nearly 7.2 billion HKD, marking the largest office transaction since 2021 [4][6]. - Despite the overall office market not fully reversing its downturn, large transactions indicate structural vitality during market adjustments [6]. Buyer Demographics - There is an increasing presence of mainland buyers across various price segments in the Hong Kong residential market, with a notable rise in inquiries for luxury properties priced above 20 million HKD [5]. - The number of buyers registering in Mandarin has increased for two consecutive quarters, with 3,797 transactions recorded in the third quarter, a nearly 7% increase from the previous quarter [6]. - Factors attracting mainland buyers include investment value, identity symbolism, educational resources, and asset hedging functions, alongside relaxed entry requirements for non-local buyers [6].