智通财经APP获悉，香港置业研究部董事王品弟表示，据土地注册处资料显示，截至5月20日，香港二手 住宅(包括二手私人住宅及二手公营房屋)录得2,284宗注册，较上月同期的2,836宗减少约19.5%。 虽然4月关税战冲击环球股市，令香港楼市交投放缓，但该行估计主要反映4月市况的5月注册量估计最终 仍录约3800宗注册，创半年次高；近期按息回落，加上关税战降温，香港楼市气氛好转，料主要反映5月 市况的6月注册量将会回升。 若以三区划分5月至今二手住宅注册量环比同期表现，当中九龙区录756宗注册，较上月同期的923宗减少 约18.1%；新界区录1,101宗注册，较上月同期的1,367宗减少约19.5%；港岛区录427宗注册，较上月同期 的546宗减少约21.8%。 5月至今二手住宅注册量屋苑排名方面，日出康城以37宗注册居榜首，较上月同期的31宗增加约19.4%； 嘉湖山庄以24宗注册排第二，较上月同期的33宗减少约27.3%；美孚新邨及太古城各以22宗注册紧随其 后，其中美孚新邨较上月同期的29宗减少约24.1%，太古城较上月同期的25宗减少约12%。 若以金额划分5月至今二手住宅注册量环比同期表现，当中逾50 ...

Core Viewpoint - The recent decline in Hong Kong's interbank lending rates, particularly the 1-month HIBOR dropping to 0.96%, is significantly easing the mortgage burden for homeowners, with actual mortgage rates falling to a new low of 2.26% since July 2022, which is below the average rental yield of 3.5% [1][2] Group 1: Mortgage Market Impact - The drop in mortgage rates has led to a reduction in monthly payments by approximately HKD 3,341, representing a 14.9% decrease for an average mortgage of HKD 5 million [1] - The current mortgage rates being lower than rental yields has resulted in a situation where homeowners are paying less than they would for renting, with the average payment being 8% lower than rental costs [1] Group 2: Market Dynamics - The significant drop in the 1-month HIBOR from 3.98% at the beginning of May to 0.96% today indicates a large fluctuation in short-term interest rates, with a 3% decrease [2] - The widening spread between Hong Kong and US interest rates, now exceeding 3%, is unusual and may lead to adjustments in the HIBOR based on changes in demand for Hong Kong dollars [2] - The influx of funds into Hong Kong is expected to be utilized for various activities, including financial investments and corporate dividends, which may eventually normalize the banking system's surplus and lead to a gradual increase in HIBOR rates [2]

Core Insights - The "Hong Kong Confidence Index" has risen to 64.3 points, a week-on-week increase of 1.6%, driven by a significant drop in interest rates and a cooling trade war, which positively impacts the Hong Kong property market [1] - The latest "Hong Kong Property Price Index" stands at 127.47 points, showing a slight week-on-week decline of 0.05%, with a year-to-date decrease of 0.52% [1] Price Trends - The price index for different districts shows mixed results: the Hong Kong Island index is at 132.65 points (down 0.28% week-on-week), the Kowloon index at 133.17 points (down 0.19%), and the New Territories index at 116.24 points (up 0.14%) [1] - Year-to-date performance indicates that Hong Kong Island and New Territories have decreased by 2.41% and 1.64% respectively, while Kowloon has increased by 1.63% [2] Discounted Listings - The highest ratio of discounted listings is found in the New Territories, with specific areas like Lantau Island/Yueng Ching Bay, Tsuen Wan, and Kwun Tong having the most significant discounts [1] - The most discounted units are categorized by size, with B-class units (approximately 431 to 752 square feet) having the highest discount ratio, followed by C-class (753 to 1075 square feet) and A-class (430 square feet or less) [1]

Group 1 - In March, the overall number of property sale agreements and transaction value in Hong Kong reached a four-month high, with 6,651 agreements totaling HKD 457.85 billion, representing increases of 54.4% and 61.9% from February respectively [1] - The recovery in the property market is attributed to factors such as the relaxation of stamp duty measures in the February budget, positive performance in the Hong Kong stock market, and economic stimulus policies from mainland China [1] - The first quarter of 2025 saw a total of 15,896 property sale agreements and a transaction value of HKD 1,108.07 billion, reflecting a quarter-on-quarter decline of 16.6% and 25.4% due to seasonal factors and market caution [1] Group 2 - In the first-hand private residential market, March recorded 2,221 agreements and a transaction value of HKD 162.9 billion, marking a 148% and 93.1% increase from February respectively [2] - The top-selling new developments in March included Yuen Long's Long Ping with 432 agreements and HKD 18.06 billion, followed by Tin Shui Wai's YOHO WEST with 312 agreements and HKD 16.58 billion [2] - In the second-hand private residential market, March saw 2,950 agreements and a transaction value of HKD 217.9 billion, up 36.9% and 52.5% from February, indicating a recovery in buyer sentiment post-Chinese New Year [2] Group 3 - Major housing estates in March included Mei Foo Sun Chuen with 40 agreements totaling HKD 285 million, Shatin First City with 31 agreements totaling HKD 153 million, and other notable estates [3]