美联物业分析师岑颂谦指出，今年香港住宅市场交投气氛持续向好，主要受多项利好因素推动，包括租 金上升，息率回落，"供平过租"促使用家"转租为买"，加快入市步伐。租金回报率维持高水平，吸引长 线投资者积极入市，再加上香港政府调低细价物业印花税等政策支持，以及发展商积极推售新盘及加快 销售货尾等，令今年住宅交投表现理想。 智通财经APP获悉，今年香港楼市表现理想，"量额"齐升。据美联物业研究中心综合土地注册处资料， 今年(截至11月24日)香港整体物业(包括一手私楼、二手住宅、一手公营房屋、工商铺、纯车位及其他 等)注册量已录得70245宗，不单较去年全年67979宗上升约3.3%，并自2021年后首度突破70000宗水平。 金额方面，年内整体物业注册金额录5368.3亿港元，同样超越去年全年5341.4亿港元，高出约0.5%。 与此同时，香港非住宅物业市场同样有不俗表现，与住宅市场注册"量额"齐升，共同推动今年香港整体 物业注册量额创新高。预期今年全年整体物业注册量有望录约79000宗，而金额则估计有望挑战6000亿 港元，双双齐创4年新高。 非住宅物业方面，同样"量额"齐升，本年(截至11月24日)工商铺、纯车 ...

Core Viewpoint - The Hong Kong property market is experiencing a positive atmosphere driven by interest rate cuts, leading to an active pace of new property launches by developers, while secondary market transactions have seen a slight week-on-week decline [1] Group 1: Market Activity - During the week from November 3 to November 9, a total of 65 transactions were recorded across 35 major housing estates in Hong Kong, representing a week-on-week decrease of approximately 4.4% from 68 transactions the previous week [1] - Despite the decline, the transaction volume remains above the average level for the year [1] Group 2: Regional Performance - Analyzing the transactions by region, the New Territories recorded 24 transactions, a week-on-week decrease of about 22.6% [1] - The Hong Kong Island area saw 7 transactions, also down by approximately 22.2%, with specific estates like 康怡花园 and 海怡半岛 showing declines [1] - In contrast, the Kowloon area experienced an increase in transactions, with 34 recorded, marking a week-on-week rise of about 21.4% [1] - Notable increases in Kowloon were seen in 黄埔花园 and 美孚新村, which added 5 and 4 transactions respectively [1]

Core Viewpoint - The article highlights the increasing trend of mainland Chinese buyers purchasing properties in Hong Kong, driven by high rental costs and favorable market conditions, indicating a potential recovery in the Hong Kong real estate market and its implications for the broader Chinese property market [5][6][16]. Group 1: Market Trends - Over the past decade, 67,813 mainland buyers have spent a total of 802.2 billion HKD on properties in Hong Kong, reflecting a significant trend in cross-border real estate investment [5]. - The current Hong Kong real estate market is experiencing a rise in both prices and transaction volumes, which may signal the beginning of a recovery phase for the Chinese property market [5][16]. Group 2: Rental Market Insights - A rental property near Hong Kong Baptist University, with a size of approximately 33.3 square meters, is being rented for 16,500 HKD per month, showcasing the high rental costs in the area [4][8]. - The investment return rate for the aforementioned rental property is approximately 4.1%, indicating a lucrative rental market despite the high entry costs [7][8]. Group 3: Buyer Behavior - The decision to purchase property is influenced by the high rental costs, with one buyer noting that renting for three years would amount to 650,000 HKD, prompting a shift towards buying [6][9]. - The buyer's experience reflects a broader sentiment among students and young professionals in Hong Kong, who are increasingly considering property purchases as a viable alternative to renting [6][10]. Group 4: Property Purchase Process - The buyer successfully navigated a competitive bidding process for a property, ultimately purchasing a unit at a price of approximately 600 million HKD, which was lower than similar properties sold earlier in the year [14][15]. - The property market in Hong Kong has shifted to a bidding format for new developments, indicating a change in sales strategy by developers in response to market conditions [13][14]. Group 5: Regulatory Environment - The recent removal of additional stamp duties on residential property transactions, referred to as "撤辣" (removal of hot measures), has made the market more accessible for buyers, further stimulating demand [16].

Group 1 - The private residential price index in Hong Kong increased by 1.32% month-on-month in September, marking a continuous rise for four months and reversing a three-year downward trend with a year-to-date increase of approximately 1.14% [1] - The latest "Midland Property Price Index" reported a value of 132.11 points, rising for seven consecutive weeks and reaching a 15-month high, with a cumulative increase of 3.11% this year, reflecting a recovery from previous lows [1] - Several favorable factors contributed to the rise in property prices, including the potential for further interest rate cuts by the Federal Reserve, a positive stock market boosting wealth effects, reduced stamp duty on lower-priced properties, and increasing rental demand driving "rent-to-buy" interest [1] Group 2 - The rental index for private residential properties in Hong Kong rose by 0.2% month-on-month in September, marking ten consecutive months of increase, while the average rent per square foot reached approximately HKD 38.78, a slight increase of 0.03% [2] - The simultaneous rise in both property prices and rents indicates a "price-rent increase" scenario not seen since 2021, supported by strong housing demand and government initiatives to attract talent to Hong Kong [2] - The easing of tensions in the US-China trade dispute has also positively impacted the Hong Kong property market, contributing to the upward trend in both prices and rents [2]

Core Insights - The residential property inventory in Hong Kong has decreased to 269 units as of September 2025, marking a reduction of 31 units or 10% from the previous quarter, ending a five-quarter increase but still remaining the second highest in 12 quarters [1][2] - The decline in inventory is primarily attributed to a significant drop in private residential units, which fell by 33 units or 15% to 193 units, while public housing inventory saw a slight increase of 2 units or 3% to 76 units [1] Inventory Breakdown - The inventory of private residential properties priced at or below HKD 20 million has decreased across all categories, with the most significant drop occurring in the 700 to 1,000 million HKD range, which saw a 35% decline [2] - For properties priced at HKD 5 million or below, HKD 500,000 to HKD 700,000, and HKD 1 million to HKD 2 million, the inventory fell by 13% to 15% due to higher sales volumes compared to new listings [2] Regional Analysis - In the third quarter, the inventory of private residential properties in the Kowloon, Hong Kong Island, and New Territories all experienced declines, with Kowloon seeing the largest drop of nearly 30%, while Hong Kong Island's inventory decreased by over 10% [2] - Specifically, Kowloon had 60 units, down 29% quarter-on-quarter; Hong Kong Island had 36 units, down 12%; and New Territories had 97 units, with a slight decrease of 3% [2]

Core Viewpoint - The chairman of Sino Land Company, Huang Yongguang, expressed optimism about the future of the Hong Kong property market, citing six favorable factors that will drive economic and real estate growth in the region [1]. Group 1: Market Outlook - Huang highlighted that the Hong Kong property market reflects the overall economic situation, and a healthy economy will lead to real estate development [1]. - The company recorded approximately 16,000 transactions in the primary market this year, surpassing the total for the entire year of 2024 [1]. Group 2: Positive Factors for the Property Market - Six positive factors for the Hong Kong economy and property market were identified: 1. The U.S. and Hong Kong entering a rate-cutting cycle 2. Strong performance in the Hong Kong IPO market 3. Government talent programs supporting rental and purchase demand 4. The "Study in Hong Kong" initiative attracting non-local students 5. Increased visitor numbers boosting the economy 6. The Northern Metropolis being a key development project in the Policy Address [1]. Group 3: Future Development Plans - The company plans to focus on the development of the Northern Metropolis, which is seen as a future economic driver for Hong Kong [2]. - Sino Land has three new projects in the pipeline, totaling approximately 3,756 units, with the first project expected to launch by the end of the year [2]. Group 4: Investment Property Performance - The rental rate for the company's investment properties remains stable, with shopping mall occupancy at 93% and residential properties exceeding 90% [2]. - The company is actively reviewing attractive second-hand investment projects in the market to seek positive financial returns [3].

Core Insights - The Central Plains City Leading Index (CCL) reached 141.92 points, marking a week-on-week increase of 1.18%, the highest in 68 weeks since June 2024, following the first week after the interest rate cut on September 18 [1] - All eight major indices have risen, marking the first time since July 2025 that all indices have recovered from their declines this year, with a cumulative increase of 1.41% over two weeks [1] - The CCL is projected to reach 143.02 points in Q4, only 1.10 points or 0.78% away from the current level [1] Price Trends - The CCL has increased by 3.11%, with the CCL Mass up by 3.90%, CCL for small units up by 3.64%, and CCL for large units up by 0.53% [1] - Price increases were observed across various regions, with Hong Kong Island up by 4.26%, Kowloon by 5.22%, New Territories East by 5.53%, and New Territories West by 0.36% [1] Historical Context - Since May, the CCL has risen 5.00% from a low of 135.16 points, and 5.21% from a low of 134.89 points before the 2025 budget announcement [2] - The index is down 25.83% from its historical high of 191.34 points in August 2021 [2] Recent Developments - The CCL Mass index reported 143.52 points, with a week-on-week increase of 1.06%, and the CCL for small units at 141.99 points, up 1.03% [3] - The CCL for large units reached 141.59 points, marking a 1.97% increase and the highest in 35 weeks since February 2025 [3] - Regional indices showed significant increases, with Hong Kong Island CCL Mass at 144.48 points (up 0.43%), Kowloon at 140.80 points (up 2.02%), New Territories East at 156.59 points (up 0.10%), and New Territories West at 128.82 points (up 1.05%) [3]

Core Insights - The overall property registration in Hong Kong for the first ten months of this year reached 60,095, marking a 9.7% increase from 54,780 registrations in the same period last year, achieving a four-year high [1][2] Group 1: Residential Property - The registration of residential properties, including both new private homes and second-hand residences, totaled 50,483, which is an 8.3% increase from 46,603 registrations in the same period last year [1] Group 2: Non-Residential Property - The registration of commercial properties reached 3,565, reflecting a significant increase of 30.7% compared to 2,728 registrations last year [2] - Conversely, the registration of parking spaces and other properties totaled 4,037, showing a slight decrease of 1.9% from 4,114 registrations in the same period last year [2] Group 3: Market Influences - Positive factors for the Hong Kong property market this year include the adjustment of stamp duty thresholds and the relaxation of investment thresholds for new capital investors, alongside a reduction in the prime interest rate by major banks [1] - However, fluctuating Sino-American relations pose uncertainties for the market outlook [1]

Core Viewpoint - The property market is expected to improve in the fourth quarter, driven by a reduction in interest rates and the release of purchasing power [1] Group 1: Market Activity - On the first weekend of October (October 4-5), there were approximately 537 viewings of 15 key housing estates, representing a week-on-week increase of about 1.7% from approximately 528 viewings [1] - The absence of large new property launches this weekend has shifted focus back to the secondary market, although the secondary viewing activity remains active and stable [1] Group 2: Future Expectations - The Chief Executive of the Residential Department at Midland Realty, Mr. Bu, anticipates a lively new property market in October due to multiple new project launches [1] - The festive activities during the Mid-Autumn Festival may have slightly hindered secondary viewing activities, but overall demand remains robust [1]

Core Insights - The overall property transaction registrations in Hong Kong have remained high, with fluctuations influenced by market sentiment regarding policies and interest rates, as well as weather conditions and holiday periods [1][2] - In September 2025, there were 6,883 property transaction registrations, a 6% increase from August's 6,488, marking a stabilization after two months of decline [1] - The total value of property registrations in September rose by 13% to HKD 54.517 billion, the highest in three months [1] Residential Market - The primary residential market showed strong performance in September, with transaction registrations nearing 2,000, marking the third highest month of the year [1] - The number of primary residential transactions increased by 15% to 1,987, while the total value surged by 25% to HKD 22.330 billion, the second highest of the year [1] - The top three new developments for primary residential registrations in September were Kai Bo Fung II (370 transactions), BLUE COAST II (116 transactions), and Shang Yan Phase 3 (93 transactions) [1] Secondary Residential Market - The secondary residential market rebounded in September, with transaction registrations increasing by 6% to 3,305, maintaining a level above 3,000 for six consecutive months [2] - The total value of secondary residential transactions rose by 12% to HKD 25.010 billion, indicating a positive trend in the market [2] Non-Residential Market - The non-residential market underperformed, with a slight decline in overall transaction registrations, primarily due to a nearly 10% drop in parking space transactions [2] - The total registrations for commercial properties and others fell by 2% to 785, while the total transaction value plummeted by 22% to HKD 3.916 billion [2] - Despite the overall decline, industrial and commercial buildings saw significant increases of nearly 30% and nearly 40%, respectively, but the numbers were insufficient to offset the overall downturn [2] Market Outlook - The market sentiment remains positive, but there are expectations of a slowdown in October due to the upcoming National Day and Mid-Autumn Festival holidays, which may hinder transaction progress [2] - Recent data indicates a contraction in secondary market transactions in late September, leading to predictions of a potential decline in overall property transaction registrations in October, possibly testing the 6,240 level, which would be the lowest in nearly eight months [2]