智通财经APP获悉，根据美联物业分行统计，10月份首个周末(10月4-5日)15个指标屋苑预约看楼量录得 约537组，较上周末约528组按周续升约1.7%。 美联物业住宅部行政总裁布少明表示，踏入第四季，预期楼市气氛将持续向好，随着减息周期启动，购 买力将会进一步释放。而10月份多个新盘部署应市，料新盘市场亦会相当热闹，吸纳客源，但本周末未 有大型全新盘推售，一手市场则以加推的余货盘为主，故焦点重投二手。此外，中秋节前周末部分市民 及家庭亦忙于过节，阻碍二手看楼活动，但二手预约看楼量仍然表现活跃，按周靠稳微升。 ...

智通财经APP获悉，利嘉阁地产研究部主管陈海潮指出，香港近月整体楼宇买卖登记持续处于高位反覆 徘徊，而受市场静观政策及利率走势，加上天气不稳及节庆假期影响，后市买卖登记量仍然有所反覆。 二手住宅市场方面，经历8月份整固小休后，9月再展升势，市场储力后，买家入市进度又加快，结果带 动9月份二手私宅买卖登记反弹6%，录得3305宗，连续6个月均能维持在逾三千宗的水平高位行进;至于 月内登记总值更升12%，录250.10亿元，量值同见上升。 非住宅市场上月表现仍较逊色，逆市录得跌幅，但较前月跌势已见收窄，当中主要受累来自车位的近一 成跌幅，因而拖低整体工商铺及其他表现，若单计工厦及商厦，两者分别有近三成及近四成的升幅，但 数量不足以扭转劣势。总结9月份整体工商铺及其他买卖登记量环比微跌2%，录785宗;而月内买卖登记 金额更大跌22%，只录得39.16亿元，主因月内登记金额相对较细。 陈海潮表示，整体楼市气氛不俗，但9月中旬，市场多屏息以待《施政报告》及美国议息结果，在需时 消化期间，紧接又遇上超强台风影响了两日的登记量;至于10月初先后有国庆及中秋假期，料多少阻碍 成交进度。最新即市数据显示，9月下旬二手交投出现 ...

今年5月拆息回落，香港楼价开始见底微升，CCL 近17周十二升五跌，较5月 H 按息再度低于封顶息当 周的135.16点低位升3.77%，2025年楼价暂时累升1.90%。指数较2025年3月财案前134.89点低位升 3.97%，较2024年9月首次减息前135.86点低位升3.23%，较2021年8月191.34点历史高位跌幅收窄至 26.70%。 （原标题：中原地产：CCL连升3周共2.30% 升穿140点水平） 智通财经APP获悉，中原地产研究部高级联席董事杨明仪指出，中原城市领先指数 CCL 最新报140.25 点，周环比升0.62%。8月下旬美联储主席鲍威尔暗示9月或会减息，消息刺激香港楼市气氛趋向正面。 CCL 连升3周共2.30%，进一步向上升穿140点水平，指数创2024年8月初后的59周新高。落实减息后， 买家入市信心转强，有助释放更多二手购买力，香港楼价升势或可持续。CCL 只要再升2.77点或 1.98%，便会到达第四季目标143.02点，即2024年撤辣前的低位。 9月21日，美中就分拆 TikTok 美国业务达成协议，22日大埔上然3期推售140个单位，房协居屋观塘朗然 开始拣楼， ...

Core Viewpoint - The Hong Kong property market is expected to experience a strong upward trend in prices, with an annual increase projected between 3% to 5%, driven by various positive factors including the new government policy measures and the US interest rate cuts [1] Group 1: Market Trends - The Hong Kong private residential price index rose by 0.14% month-on-month in August, marking a continuous increase for three months and a recovery of 1.26% from the year's low [1] - The latest "Mafengwo Price Index" reported a value of 129.1 points as of September 22, reflecting a 2.23% increase from the year's low and a year-to-date rise of 0.76% [1] Group 2: Rental Market Dynamics - The private residential rental index increased by 1.12% month-on-month in August, continuing its upward trend for nine consecutive months, with the growth rate expanding due to the traditional peak rental season in Q3 [1] - The strong demand for housing in Hong Kong, coupled with government efforts to attract talent, is expected to further drive rental prices up, leading to an increase in "rent-to-buy" demand and long-term investors entering the market [1]

对于美元，他表示，未来数月美国就业市场或有下行风险，有机会令市场对美联储的减息预期继续升 温，利淡美元，该行基本预测是，今年下半年环球经济软着陆而美国经济数据持续跑输，或令美元出现 最后一轮跌势，但指美元弱势只属周期性而非结构性，2026年美元或收复失地。 智通财经APP获悉，近日，花旗发表2025年第四季环球投资前瞻。花旗银行投资策略及资产配置主管廖 嘉豪表示，对于香港楼市，该行预期住宅价格或在2025年下半年横盘，需待长远供需平衡改善才可支持 住宅价格回升，预期成交单位数量在2027年超过完工单位数量，亦预期年度私楼需求约2.06万伙，受惠 于平均18万名专才及其家人抵港。 他提及，投资需求广泛回升或仍需时，因投资需求往往更取决于楼价预期，以及稳定长期利率，参考 2001至2003年或2007至2009年周期，当时租金利差重返正值后12个月，楼价才见底回升，亦指2025年上 半年成交价达5000万港元的住宅成交价值同比升43%至480亿港元，该行预期优化资本投资计划后，超 豪宅市场或续跑赢。 对于最优惠利率，他认为，最优惠利率未必有太多减息空间，料再减一次0.125%，觉得未必有太多减 息空间，而3个月港 ...

Group 1 - The Hong Kong government has proposed to optimize the new capital investor entry scheme, lowering the transaction price threshold for residential property investments from HKD 50 million to HKD 30 million, which is expected to positively impact the residential market by providing more options for high-net-worth individuals [1][2] - The Chief Executive of Hong Kong, John Lee, stated that the primary task of the government is to ensure the basic housing needs of citizens, with a projected total of 189,000 public housing units to be built over the next five years, representing an increase of approximately 80% from when he took office [2] - The average waiting time for public housing applicants has been reduced from 6.1 years to 5.1 years due to government efforts, and there will be an increase in the supply of subsidized housing units to assist more public housing residents in home ownership [2] Group 2 - Analysts expect a 30% quarter-on-quarter increase in transaction volume in the Hong Kong property market in Q4, driven by the government's policy adjustments and the Federal Reserve's interest rate cuts [2] - UBS views the latest policy report as a positive signal for the private residential market, despite the lack of expected reductions in residential stamp duty, and notes that the government will accelerate the development of the Northern Metropolis [3] - The Hong Kong Monetary Authority has indicated that the Federal Reserve's interest rate cut aligns with market expectations and will influence the local interest rate environment, urging citizens to manage interest rate risks in their property investments [3]

布少明强调对后市乐观，预计待下周议息结果公布后，市场前景将更趋清晰，整体交投步伐有望加快。 他预期，发展商将会加快推盘步伐，进一步带动市场气氛，吸引部分购买力提前于楼价上升前入市，争 夺二手优质单位，而楼价也有望持续拾级而上。 根据美联物业10大指标屋苑的周末成交量分布统计，港岛区3个指标屋苑，包括太古城、康怡花园及海 怡半岛，周末共录得1宗成交，按周增加1宗；九龙区4个指标屋苑包括丽港城、黄埔花园、新都城及美 孚新邨合共录得6宗成交，按周减少25%；新界区的映湾园、沙田第一城及嘉湖山庄合共录得4宗成交， 按周无升跌。 根据美联物业分行方面统计，周末10大指标屋苑录得11宗成交，虽然按周减少8.3%，但是连续两周维 持于双位数水平。若以15大屋苑计算，成交宗数录得13宗，按周无升跌。 美联物业住宅部行政总裁布少明表示，本周楼市将迎来两大关键因素：一是《施政报告》公布，房屋政 策势成市场焦点；二是美国议息结果亦即将出炉，市场普遍预期减息机会甚高。在这两大因素明朗前， 部分准买家采取积极部署，一方面频繁看楼、预先物色笋盘，待政策明朗即出击入市，令周末看楼活动 保持热络；另一方面亦有买家暂缓出价，静待市场方向明确， ...

Group 1: Interest Rate Expectations and Market Impact - The market widely anticipates that the Federal Reserve will announce a rate cut in September, which could significantly change the credit market in Hong Kong [1] - A potential rate cut may stimulate demand for mortgage loans, as lower loan rates would ease repayment burdens for consumers and alleviate financial pressure on homeowners [1] - The Hong Kong Monetary Authority is likely to adjust its base rate in line with the Federal Reserve's rate changes, creating a more favorable environment for the credit market [1] Group 2: Consumer Loan Trends - There is an expected increase in demand for refinancing options among consumers, particularly those with heavy financial burdens, leading to a rise in balance transfers and new loans [1] - Tax loan demand is anticipated to increase, especially from middle-class families, following the reduction of the one-time tax relief cap from HKD 3,000 to HKD 1,500 in the 2025-26 budget [2] - The attractiveness of revolving loans is expected to rise, particularly among young consumers and low-income individuals [2] Group 3: Credit Card Usage and Consumer Sentiment - Despite higher annual percentage rates (APRs) for credit cards compared to other credit products, an increase in consumer confidence is expected to boost credit card usage and spending [2] - Nearly half of surveyed Hong Kong consumers (48%) expressed intentions to apply for new loans or refinance existing credit, marking the highest level since Q3 2024 [2] Group 4: Risk Management and Consumer Education - Financial institutions should leverage data to analyze consumer credit usage and behavior trends, adopting risk-based pricing strategies to manage potential risks [3] - Monitoring early warning signals of default risk is crucial for identifying potential risks, such as rising usage of revolving loans or repeated refinancing [3] - Educating consumers about responsible credit use is essential, particularly for young and new credit users, to promote long-term financial health and stability in the credit market [3]

Core Insights - The number of mainland Chinese buyers purchasing properties in Hong Kong has reached a nearly ten-year high, despite the overall low transaction volume in the mainland real estate market [1][2][4]. Group 1: Market Trends - In the first half of 2025, Hong Kong recorded 31,190 private residential transactions, with 7,547 transactions (24.2%) attributed to Mandarin-speaking buyers, indicating a consistent trend from the previous year [2][4]. - The proportion of mainland buyers in Hong Kong's property market has increased significantly since 2023, surpassing 15% for the first time and reaching 24.5% in 2024 [3][4]. Group 2: Buyer Demographics - The average amount spent by buyers from mainland China exceeds HKD 9 million, with over 93% of purchases being units priced below HKD 20 million, highlighting a preference for mid-range properties [3][4]. - The influx of over 220,000 talents to Hong Kong, facilitated by government policies, has expanded the rental and sales market, further driving demand for residential properties [5][6]. Group 3: Financial Strategies - Mainland buyers often face challenges in transferring funds to Hong Kong due to foreign exchange controls, leading them to employ various strategies to accumulate the necessary down payment [5][6]. - Common methods include pooling exchange quotas from friends and family, and utilizing capital project remittances from property sales or corporate dividends to facilitate large transfers [5][6]. Group 4: Future Outlook - The combination of a simplified tax system, transparent trading environment, and strong educational resources continues to make Hong Kong an attractive market for mainland buyers [6]. - The full withdrawal of restrictions and talent recruitment policies are expected to inject new momentum into the Hong Kong real estate market, potentially increasing the role of mainland buyers [6].

Group 1: Market Overview - The Hong Kong property market is experiencing a surge in transactions, with new sales volume reaching over 80% of last year's total within the first seven months of this year [1] - Analysts predict that the new sales volume will hit a record high for the year, while secondary market transactions are expected to reach 45,000, the highest in four years [1] - Local buyers are driving the market, particularly in the small to medium-sized unit segment, with registrations for properties priced at HKD 6 million or below increasing to 76.9% in the first seven months of the year, up from 73% last year [1] Group 2: Interest Rates and Economic Factors - The one-month HIBOR has rebounded, but remains lower than last year's peak; potential interest rate cuts in the U.S. could lead to a decrease in HIBOR, further boosting local buying power [2] - The rising unemployment rate is currently the biggest negative factor for the property market, although recent data shows a decline in unemployment within the financial sector, which is a key buyer demographic [2] - The September Policy Address is expected to significantly influence local buyer sentiment and market dynamics [2] Group 3: Policy Recommendations - The government is encouraged to consider restoring the old stamp duty payment method, allowing buyers to pay after the transaction is completed, which would provide greater financial flexibility [3] - There is support for establishing a channel to facilitate cross-border property purchases between mainland China and Hong Kong, which could introduce new buying power and alleviate inventory pressure [2] - Suggestions include fully relaxing investment immigration policies to encourage property purchases, thereby attracting capital and high-quality talent to Hong Kong [2]