Core Viewpoint - The Hong Kong property market is expected to improve in 2025, with property prices rebounding due to several favorable factors, leading to a projected increase of 5.14% in the "Megan Property Price Index" for the year [1] Summary by Category Market Performance - In December, among the 143 properties in the "Megan Property Price Index," 110 properties recorded price increases, representing approximately 76.9% [1] - The Kowloon district showed the best performance, with 40 out of 45 properties experiencing price increases, which is about 88.9% [1] - In the New Territories, 57 out of 73 properties saw price increases, accounting for 78.1% [1] - The Hong Kong Island district had 13 out of 25 properties with price increases, representing around 52% [1] Contributing Factors - The property market in 2025 is expected to benefit from six key factors: interest rate cuts, wealth effects, economic growth, favorable policies, rising rents, and reduced inventory levels [1] - The market is anticipated to continue these advantages into 2026, with further increases in property prices and more properties experiencing price rises [1]

Core Viewpoint - The establishment of the temporary grassroots party branch of the Yuzhou Real Estate Agency Association and the Decoration Association marks a new phase of "party building leadership, regulatory collaboration, and self-discipline enhancement" for the real estate and decoration industries in Yuzhou, injecting strong momentum for healthy industry development [1][2] Group 1: Industry Development - The real estate agency and decoration industries serve as crucial bridges connecting the government, market, and the public, directly impacting housing quality, asset security, and the stable operation of the real estate market [1] - The two associations cover nearly 70 member units, including major brokerage firms and decoration companies, with services spanning second-hand housing transactions, rental housing, decoration construction, and building material selection [1] - The rapid development of the industry has raised concerns about issues such as operational standardization, integrity in service, and self-discipline, highlighting shortcomings in party leadership and governance effectiveness [1] Group 2: Initiatives and Actions - The new party branch will focus on integrating party building with industry development through innovative "Party Building +" work models, establishing a dispute resolution mechanism for second-hand housing transactions to curb issues like false listings and price gouging [2] - The Decoration Association will implement "Party Building + Industry Standards" actions, creating quality standards and service process guidelines, and forming volunteer service teams to provide renovation consultation and rights protection guidance in communities [2] - The associations will enhance communication channels between enterprises and the government, as well as between enterprises and the public, to address industry disputes and protect consumer rights, fostering a fair and trustworthy industry environment [2] Group 3: Future Plans - Future initiatives will include expanding "Party Building + Precise Services" and "Party Building + Credit Evaluation" frameworks, establishing credit evaluation and reward-punishment systems to meet industry needs and assist member enterprises [2] - The goal is to promote high-quality development in the real estate agency and decoration industries, contributing to improved public welfare and the construction of a beautiful Yuzhou, thereby supporting high-quality economic and social development [2]

■ 上线"房源维护助手" 提质增效建立良好沟通机制 北京链家始终相信，一份坚实的赔付承诺，是服务应有的底气，但锤炼"更专业"的能力、让消费者全程 无忧，才是更高的追求。 2025年，在持续夯实各项兜底保障的同时，北京链家将更多重心放在了提升经纪人专业能力、助力经纪 人工作提效和优化业主体验上。为了在服务全流程中及时发现并回应业主需求、提前化解潜在问题，北 京链家上线了"房源维护助手"，成为连接经纪人与业主、提升服务品质的一款贴心工具。 这款工具如同一位全天候在线的智能管家，借助AI，助力经纪人与业主的沟通更高效，并能及时反馈 房源带看、关注等关键动态。通过房源维护助手，业主可以查看"近期小区/房源带看情况""房源推广记 录""高热度房产优势分析"及"市场行情"等透明信息，清晰掌握自家房产在市场中的真实位置与动态。 在服务群内，智能助手"贝丽/贝强"与业主的互动已成常态。"30天，您的房源浏览量460(小区同户型均 值15)，带看量2(小区同户型均值0)；维护人上周也做了很多推广动作，详细内容可查看房源推广记录图 表；我们会继续优化推广策略，有任何进展也会及时向您反馈。"在一个服务群内，智能助手定期发送 带看数 ...

坊间一直有个数据信号，关于12月上海楼市成交又破2万套，大概会站上2.2万套的数据。 这不是简单的房价下滑，而是刚需购买客群的本质性变化。现在的买房刚需，不是我们常规眼中的年轻 人、大学毕业生之类的。我一个中介朋友很直白地对我说："现在买一百多万房子的，都是在上海很多 年的务工人员。他们从来没想过，甚至没准备在上海买房，但是突然抬头一看，身边租的房子只要一百 多万，大家凑一凑首付现在完全可以，月供和租金都差不多了。"这件现象的发现，推动他们决定买 房。 核心逻辑在于，现在的主力成交不是我们身边的大多数。 不知道各位有没有意识到，最近咱们手机里的中介兄弟，很多微信名都加了一个后缀——"亲属过户代 办"。包括不少门店门头都开始醒目地写着"高品质的亲属过户代办只要2000"。 上海的手拉手交易一直都存在，而且占比一直庞大，中介为什么突然看上了这个蛋糕？简单来说，也是 迫于无奈。 第一，各家中介为了做市占率，其他的二手房交易做不上去，用这个做点市占率提升下数据规模；第 二，不少朋友过户完之后可能就是再买房，也是一次机会；第三，一个关键因素，用这种方式接触到真 正的购房者。 现在上海二手房成交的火热，背后的代价其实是二 ...

Group 1 - The core viewpoint of the articles indicates that Hong Kong's private residential property price index has been rising for six consecutive months, with a month-on-month increase of approximately 0.92% in November, suggesting a rebound after hitting the bottom [1] - The latest "Midland Property Price Index" stands at 134.71 points, reflecting a weekly increase of 0.24%, marking a 19-month high and a 1.35% rise compared to four weeks ago [1] - The overall property price is projected to increase by 5.14% for the entire year of 2025, with a notable rise of 6.68% from the year's low, reversing a downward trend observed over the past three years [1] Group 2 - The confidence index has risen by approximately 20% for the year 2025 and remains above the average level, indicating strong upward momentum for Hong Kong property prices [2] - The positive sentiment in the market is bolstered by the U.S. resuming bond purchases, which enhances the atmosphere for Hong Kong's real estate market [1] - The "Midland Confidence Index" has reached 74.7 points, reflecting a weekly increase of 1.2% and a two-week consecutive rise, indicating increased confidence among property owners [1]

（央视财经《经济信息联播》）12月24日，北京出台房地产新政，从放宽非京籍家庭购房条件、优化信 贷政策等方面，进一步满足居民家庭多样化住房需求，政策落地后的首个周末，市场表现如何？ 某房地产开发企业北京公司营销总监 薛记肖：像我们项目正好是在五环内，这次减40个基点。以贷款 200万元为例，贷款30年，每个月（月供）就会少支付400多元钱，对我们的销售也有一定的促进作用。 一些犹豫观望的客户，在这个周末也纷纷复访，成交转化率比以往提升了约30%。 此次新政，将非京籍家庭购买五环内商品住房的社保或个税缴纳年限，由原来的"3年"调减为"2年"；购 买五环外商品住房的，由原来的"2年"调减为"1年"。在北京朝阳区一家中介公司的签约中心，新政出台 后，预约来此签订二手房交易合同的人数同样明显增加。 某房地产中介公司北京团结湖签约服务中心负责人 马世国：周四、周五、周六三天的平均（合同签 约）预约单量是45单左右，相比较之前增长有将近20%。今天（周日）截至（下午）三点多，我们的 （合同签约）预约单量已经将近70单，达到一个比较高的值。 转载请注明央视财经 编辑：令文芳 在北京朝阳区一个新房项目，记者遇到了李先生，新政 ...

Core Viewpoint - The recent decision to hide transaction prices for second-hand homes in various cities aims to stabilize market expectations and reduce panic selling, which has been exacerbated by extreme low-price transactions [3][9]. Group 1: Market Changes - The practice of concealing transaction prices began in July 2025 in major cities like Beijing, Shanghai, and Nanjing, and has now expanded to include cities like Chengdu and Suzhou, with Shenyang being one of the later adopters [3]. - The high volume of second-hand home listings and the economic environment have led to many homeowners selling at prices significantly below regional averages, creating a cycle of declining prices [3][9]. Group 2: Impact on Buyers - Buyers previously relied on public transaction records to gauge market prices, but the removal of this information increases the difficulty of making informed decisions, potentially leading to longer decision-making periods [4][6]. - Without low-price references, buyers may feel pressured to accept higher offers, which could lead to a sense of uncertainty and hesitation in the market [4][5]. Group 3: Impact on Sellers - Sellers face challenges in pricing their properties accurately, as the lack of transparent transaction data shifts pricing from being data-driven to relying on personal judgment [5][6]. - The adjustment in pricing strategies may lead to difficulties in selling homes, as sellers must navigate the balance between setting a competitive price and avoiding losses [5][6]. Group 4: Industry Implications - The change in transaction price visibility is seen as a potential opportunity for real estate agents, as it may increase client inquiries and communication opportunities [9]. - However, the industry faces the challenge of maintaining credibility; agents must provide professional pricing advice and transparent services to build trust in a market where information is less accessible [9]. - The high inventory of 245,000 second-hand homes in Shenyang, with some properties taking up to 18 months to sell, indicates a need for stability in the market, which the price concealment aims to address [9].

Core Insights - The number of second-hand residential properties in Hong Kong registered over HKD 10 million reached 5,335 in 2025 (as of December 23), marking a 14.6% increase from 4,656 in 2024, the highest in three years [1] - The total registration of second-hand residential properties (including private and public housing) was 45,331 in 2025, up 11.3% from 40,734 in 2024, with the over HKD 10 million segment showing a stronger growth rate [1] - The proportion of over HKD 10 million second-hand residential registrations increased from approximately 11.4% in 2024 to about 11.8% in 2025 [1] Regional Performance - In 2025, the Island District recorded the highest number of over HKD 10 million second-hand residential registrations at 1,968, a 14.4% increase from 1,720 in 2024 [1] - The Kowloon District saw the most significant growth, with 1,715 registrations, up 19.4% from 1,436 in 2024 [1] - The New Territories recorded 1,652 registrations, reflecting a 10.1% increase from 1,500 in 2024 [1] Property Development Rankings - The top property development for over HKD 10 million second-hand residential registrations in 2025 was Ming City, with 162 registrations, a 30.6% increase from 124 in 2024 [2] - Taikoo Shing ranked second with 115 registrations, a decrease of 6.5% from 123 in 2024 [2] - Bayshore recorded 100 registrations, ranking third, which is a 66.7% increase from 60 in 2024 [2]

Core Insights - The "Nanshan Housing Exchange" initiative in Shenzhen has successfully completed 90 transactions within 10 days of its launch, marking a significant breakthrough in exploring new pathways for real estate circulation [1][2] Group 1: Initiative Overview - The "Nanshan Housing Exchange" program, launched on December 14, aims to facilitate the process of selling old homes and buying new ones, with participation from various stakeholders including government departments, real estate agencies, and developers [2][5] - The program features a "one-price commission" model introduced by local agency Le You Jia, simplifying the transaction process and providing cost predictability for sellers [2][3] Group 2: Transaction Details - The initiative has seen participation from over 1,400 second-hand homes, with more than 80 units sold, indicating strong market interest [3][4] - A notable case includes a buyer from Bao'an District who successfully sold his old home for approximately 5 million yuan while purchasing a new property priced around 12 million yuan, demonstrating the program's effectiveness in easing financial burdens [2][3] Group 3: Market Impact - Data from the Shenzhen Real Estate Agency indicates that new home sales reached 939 units in the week of December 15-21, with a 22.5% increase in commercial properties, while second-hand home sales saw a slight decline of 5.3% [4] - The market remains robust, with a 5.7% increase in new demand over four consecutive weeks, and larger units (over 90 square meters) accounting for 44.3% of sales, up 5 percentage points from November [4] Group 4: Future Prospects - The "Nanshan Housing Exchange" program is set to continue until March 31, 2026, offering participants a "no-worry refund period" for deposits if their old homes do not sell within 30 days [4] - Experts suggest that this innovative model could serve as a template for other cities, promoting reasonable housing consumption and stabilizing market expectations during the ongoing transition in the national real estate market [5]

案例二：中介机构作为出租方恶意影响承租人正常居住，承租人有权解除合同 闫某与某中介机构签订了为期一年的《房屋租赁合同》，约定闫某承租某中介机构出租的某房屋中的一 间卧室。履约过程中，某中介机构先是要求闫某与新公司签订合同，闫某拒绝。后某中介机构工作人员 随意进入房屋客厅，要求在房屋内打隔断墙，因协商不成，遂要求闫某换房，在闫某拒绝后又要求使用 房屋客厅空间，称因客厅未出租，故中介机构可随意出入、使用客厅空间，还在更换房屋密码后拒绝将 新密码提供给闫某，导致闫某不得已搬离房屋。后闫某诉至法院，要求确认《房屋租赁合同》已解除， 同时要求某中介机构退还租金、房屋押金、服务费、管理费等费用。 法院经审理认为，出租方的主要义务是提供符合约定的房屋，但某中介机构的行为多次企图侵犯闫某使 用房屋公共区域的权利，明显违背闫某承租房屋并使用公共区域的合同目的，应当视作不履行主要合同 义务，闫某有权要求解除合同。因闫某已搬离房屋，故确认《房屋租赁合同》于闫某搬离房屋之日解 除，并对闫某主张退还剩余租金、管理费、服务费及押金的诉讼请求均予以支持。 法官提示： 转自：劳动午报 案例一：房屋不符合安全条件，承租人有权解除合同 范某和某 ...