Group 1 - The overall property registration in Hong Kong reached 8,999 cases in December 2025, marking a month-on-month increase of approximately 26.4%, the highest in 20 months [1] - For the entire year of 2025, the total property registration amounted to 80,702 cases, reflecting a year-on-year increase of about 18.7%, surpassing the 80,000 mark for the first time since 2021, and achieving a four-year high [1] - The increase in property registrations is expected to continue into 2026 due to several favorable factors [1] Group 2 - In the latest week, the second-hand property market saw a decrease in transactions, with 46 deals recorded across 35 major estates, down approximately 35.2% from the previous week [2] - Despite the week-on-week decline, the number of transactions compared to the same period last year showed a slight increase of about 4.5% [2] - The recent strong performance of new property launches indicates a vibrant market atmosphere, suggesting that second-hand transactions may rebound as holiday effects wane [2]

Core Viewpoint - The overall property registration in Hong Kong has increased in September, indicating a potential recovery in the real estate market driven by favorable economic conditions and expectations of interest rate cuts by the Federal Reserve [1] Property Registration Summary - As of September 15, a total of 3,512 property registrations were recorded, representing a 6.3% increase from 3,304 registrations in the same period last month [1] - The projected total for September could exceed 7,000 registrations based on current trends [1] - The registration activity in September primarily reflects the market conditions of August due to the time lag between signing contracts and registration [1] Residential Property Summary - In the residential sector, there were 3,086 registrations for both new and second-hand residential properties, marking a 7.8% increase from 2,863 registrations in the same period last month [1] - This increase in residential property registrations has been a key driver for the overall rise in property registration volume [1] Non-Residential Property Summary - For non-residential properties, there were 169 registrations for commercial properties, showing a slight decrease of 0.6% from 170 registrations last month [1] - Conversely, registrations for parking spaces and other properties totaled 210, reflecting an 11% decrease from 236 registrations in the same period last month [1]