Core Viewpoint - The Federal Reserve has reduced interest rates by 25 basis points as expected, and plans to end its balance sheet reduction on December 1, which has prompted major banks in Hong Kong to lower their rates by 0.125% [1] Group 1: Market Outlook - The CEO of a major real estate group in Hong Kong believes that the combination of further interest rate cuts and positive factors from US-China talks will lead to a rise in both prices and transaction volumes in the Hong Kong property market in November [1] - Despite rising unemployment and high residential property inventory, the wealth effect from the rising Hong Kong stock market, increasing rents, and demand for "rent-to-buy" options are expected to provide strong support for the property market [1] Group 2: Transaction Volume Predictions - The CEO anticipates that the transaction volume for new properties in November could reach 2,000 units, marking the 10th consecutive month of over 1,000 transactions, which would be the longest streak since the implementation of the "Residential Property Sales Ordinance" in April 2013 [1] - The second-hand property market is also expected to benefit from positive market sentiment, with predictions of reaching 4,500 transactions in November, which would be the highest level in 19 months [1] Group 3: Annual Sales Forecast - The CEO projects that the overall transaction volumes for both new and second-hand properties will set new records for the year, with new private residential sales expected to reach 20,000 units, the highest since the "Residential Property Sales Ordinance" came into effect in 2013 [1] - The estimated total for second-hand residential transactions for the year is expected to reach 46,000 units, marking a four-year high [1]

Core Viewpoint - The Hong Kong residential property market has shown strong trading activity this year, with prices recovering from their lows and expected to rise by approximately 3% to 5% [1] Group 1: Market Performance - The overall residential property transactions are projected to increase by about 13% year-on-year, reaching a four-year high [1] - In the first seven months of the year, local individual buyers accounted for approximately 66.8% of the registered transactions for new private residential properties, marking a recovery since 2022 and surpassing the 50% threshold [1] - The forecast for second-hand residential transactions has been raised to 45,000 units, representing a year-on-year increase of over 9%, also a four-year high [2] Group 2: Economic Factors - The anticipated reduction in U.S. interest rates in the second half of the year is expected to sustain a low-interest environment, encouraging local buyers to enter the market [1] - The government’s removal of cooling measures, relaxation of mortgage rules, and reduction of stamp duty for properties priced at or below 4 million HKD are seen as positive factors for the market [2] - The overall property transaction volume is expected to reach 76,000 units, with a transaction value of approximately 570 billion HKD, reflecting an 11% year-on-year increase [2] Group 3: Challenges and Outlook - Despite the positive market trends, potential negative factors such as rising unemployment and sufficient short-term housing supply may exert pressure on prices [2] - The local economy's recovery in sectors like retail, dining, and tourism is crucial for sustained support of the property market [2] - The company reported a revenue of 2.518 billion HKD for the six months ending June 30, 2025, a decrease of 24.1% year-on-year, with a net profit of 151 million HKD, down 13% [2]