Core Insights - The Hong Kong real estate market is showing signs of recovery after a six-year adjustment period, with significant improvements expected in quality office rents and residential prices by Q4 2025 [1][2] - The rental prices for Grade A offices in Central are projected to increase by 0% to 5% by 2026, while small to medium-sized residential prices are also expected to rise by approximately 5% [1][2] Market Supply and Demand - The market has faced challenges due to high inventory levels, with an estimated 101.6 months and 67.4 months needed to absorb the inventory for 2023 and 2024, respectively [1] - By the end of 2025, the inventory absorption period is expected to decrease to an average of about 51.3 months, with private residential supply returning to normal levels by the end of 2026 [1] Rental Trends - The rental market for Grade A offices is anticipated to reach its bottom by 2026, with Central and Tsim Sha Tsui leading the recovery, recording rental increases of 0.5% and 0.2% in the second half of the year [2] - The overall market rental rates may decline by 0% to 5%, with an expected vacancy rate of around 15% despite rising demand [3] Retail Market Dynamics - Retail rents, particularly in premium shopping malls, have been under pressure, with expected declines of 9.1% and 7.7% for premium malls and core street shops, respectively, by 2025 [3] - The retail leasing activity is seeing a rebound, especially in core shopping areas like Causeway Bay and Central, despite some traditional restaurants closing down [3][4] Future Outlook - The rental prices for core street shops are projected to decrease by 0% to 5%, while premium mall rents may drop further by 5% to 10% next year [4]

以下文章来源于三联生活实验室 ，作者Lily 三联生活实验室 . Never Bored 城市Cool Guy生活样本 妈妈再也不用担心我缺钙了。 文 ｜ Lily 来源｜ 三联生活实验室（ID：LIFELAB2020） 封面来源 ｜ pixabay 对于年轻人来说，为了在大城市里给自己挑选一个安乐窝，不仅需要学会跟二房东斗智斗勇，还得掌握一门花小钱办大事的哲学。"北漂们用距离换便宜， 把五环外的通州、东坝和亦庄当根据地 ；沪漂不愿牺牲居住体验， 则把月租几百块的阁楼，爆改成了咂劲的老上海故居 。" 如今，在鱼龙混杂的租房市场里，年轻人还发掘出了一个冷门的赛道—— 西晒房 。 图源：鹤了个鹤 所谓西晒房，指的就是朝向西的房子，一天当中整个下午都能晒到阳光。" 老一辈住房追求的是个南北通透，阳光整天都能把房间晒得暖烘烘的；而西晒房 早上见不着太阳，一天当中只能看到个夕阳。 " 大家对西晒房的诟病，大多集中在上午没阳光、下午日照时间太长又会很闷热。殊不知在如今的房产市场，西晒房却悄悄走红， 成了咱打工人的梦中情 房。 "打工人每天早出晚归，太阳在的时候没睡醒，睡醒了太阳就走了，在家待的时间也只有下班之后的几小时。 ...

美国10月成屋销售量环比上涨1.2% 销售量创8个月新高 中新社华盛顿11月20日电 (记者 沙晗汀)美国全国房地产经纪商协会(National Association of Realtors)当地 时间20日公布数据显示，今年10月美国成屋销售量环比上涨1.2%，销售量创造8个月来的最高值。 数据显示，美国10月成屋销售量按年率计算为410万套，环比上涨1.2%，同比上涨1.7%。价格方面，10 月成屋价格中值为41.52万美元，同比增长2.1%。该数据已连续28个月上涨。 库存方面，10月底待售房屋共152万套，环比下降0.7%，同比增长10.9%，低于疫情前约200万套的平均 水平。按照当前销售速度，需要4.4个月售出市场上的所有房屋。在供需平衡的市场，通常需要5个月至 6个月来售出市场上所有房屋。 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 美国住房金融机构房地美(Freddie Mac)20日公布数据显示，美国30年期固定抵押贷款平均利 ...

Core Viewpoint - ALCO HOLDINGS (00328) has entered into a sale agreement with Hong Kong Polytechnic University to sell a property for approximately HKD 90 million, which will be used to repay bank loans and financial guarantees [1] Group 1: Transaction Details - The property being sold is located at 2 An Yiu Street, Sha Tin, New Territories, Hong Kong, and consists of multiple units on the 11th floor and private parking spaces on the 2nd and 3rd floors, totaling a saleable area of approximately 19,100 square feet (about 1,778 square meters) [1] - The estimated expenses related to the sale are approximately HKD 500,000 [1] Group 2: Financial Implications - The net proceeds from the sale will be used to repay the group's bank borrowings and financial guarantees, which will reduce interest expenses and optimize the group's capital structure [1] - The board believes that the sale provides a good opportunity to realize the property's value at a reasonable price, alleviating the burden of fixed assets and related depreciation expenses [1] Group 3: Future Considerations - The group may consider renting more cost-effective properties for its office space in other locations [1]

Core Viewpoint - ALCO HOLDINGS has entered into a sale agreement with Hang Seng University for a property, aiming to liquidate its asset at a reasonable price and reduce financial burdens [1] Group 1: Sale Agreement Details - The sale agreement involves the sale of a property located at 2 An Yiu Street, Sha Tin, Hong Kong, which was purchased in 2017 for office use [1] - The property includes multiple units on the 11th floor and private parking spaces, with a total saleable area of approximately 19,100 square feet (about 1,778 square meters) [1] - The expected proceeds from the sale are approximately HKD 90 million, with estimated related expenses of about HKD 500,000 [1] Group 2: Financial Implications - The net proceeds from the sale will be used to repay the group's bank loans and financial guarantees [1] - The board believes that the sale provides a good opportunity to realize the property's value, alleviate fixed asset burdens, and reduce related depreciation expenses [1] - The transaction is expected to decrease interest expenses and optimize the group's capital structure [1] Group 3: Future Considerations - The group may consider renting more cost-effective properties for its office needs in other locations [1]

Core Viewpoint - ALCO HOLDINGS has entered into a sale agreement with Hang Seng University for a property located in Hong Kong, with the transaction expected to generate approximately HKD 90 million in proceeds [1] Group 1: Transaction Details - The property being sold includes multiple units on the 11th floor and parking spaces on the 2nd and 3rd floors, totaling a saleable area of approximately 19,139 square feet (1,778 square meters) [1] - The estimated expenses related to the sale are around HKD 500,000 [1] Group 2: Financial Implications - The net proceeds from the sale will be used to repay the group's bank borrowings and financial guarantees [1]

Core Viewpoint - The report from GF Securities indicates that under neutral conditions, the inflation center in 2026 is expected to rise compared to 2025, influenced by several factors [1] Group 1: Inflation Factors - The probability of the pig cycle entering a recovery phase in 2026 is relatively high [1] - The most significant capacity pressure in key industries has passed, and current prices are showing a certain lag in reflection [1] - The impact of "anti-involution" policies is gradually accumulating [1] Group 2: Real Estate Market - The primary constraint on inflation is that real estate sales prices have not yet stabilized [1] - A clear stabilization in this area is necessary for the market to price in re-inflation more decisively [1]

尚晋国际控股(02528)发布公告，于2025年10月27日(交易时段后)，卖方(公司的间接全资附属公司澳门 盈南有限公司)与买方沈国标先生订立买卖协议，据此，卖方同意向买方以总代价1500万港元出售该物 业。公司拟将出售事项所得款项净额用作集团一般营运资金。 该物业位于澳门马场东大马路25–69号及马场海边马路137号福泰工业大厦11楼D，总建筑面积约479平 方米。该物业为工业物业，目前由集团自用作为仓库。 据悉，该物业早前由集团用作补充仓库，主要用于存放公司的旧家具、道具及工具，当中大部分目前经 已处置。因此，目前不再需要仓库空间。经考虑现行市况以及集团的当前财务状况及业务营运后，董事 认为出售事项为公司提供良机，以合理价格变现该物业的价值，而出售事项的所得款项可改善集团的财 务状况及增加一般营运资金。 ...

截至2025年10月，30个重点城市二手房成交面积1469万平方米，环比下降12%。 累计来看，2025年前10月，30个重点城市二手房累计成交同比仍保持6%的增长，这一数据要优于新房市场，前10月，30个重点城市新房成交累计同比下 跌7%。 一个是涨6%，一个是跌7%。所以，二手房虽然成交规模在逐月下降，但相对更稳。 而从一二手成交面积累计来看，目前已经"止跌"，2025年前10月，30个重点城市一二手成交总面积与2024年同期持平。这说明，当前市场整体需求相对稳 定，并未出现大幅度下滑。其中已有部分城市开始增长。 二手房成交面积环比下降12% 2025年10月30个重点城市二手房成交面积1469万平方米，环比下降12%。 2025年至今，30个重点城市二手房成交最高点在3月份，达2218万平方米。这一成交规模虽然没有超过2024年12月，但也排得上2021年至今二手房单月成 交规模前三，走出了明显的"小阳春"行情。 此后，30个重点城市二手房成交面积开始走低，尤其是在2025年下半年后下跌明显。 这一方面是前期需求消化较多，另外一方面则是在"四代宅"等新规项目的冲击下，新房市场对二手房形成了一定的分流。 ...

"银行直供房"正在中国房地产市场掀起波澜，《经济观察报》、《第一财经》等主流媒体纷纷报道了这一情况。包括农业银行、建设银行、交通银行等多 家大型银行，近期均通过线上平台大量直接销售房产。 这些被称为"银行直供房"的房源，主要来自不良贷款处置，大多为抵债资产。当借款人无力还贷时，银行通过法律手段将债权剥离，取得房产的完整产 权，然后通过在市场上直接出售来回收债权。 图源：网络 与传统银行处置债权方式不同，这种直售模式正成为银行快速处理不良债权的新选择。但与此同时，银行亲自下场"抛售"房产，也不禁让人感到担忧：会 不会对给当下已然不太景气的房地产市场带来新一轮的冲击？ 银行卖房新动向 近期，银行直接出售房产的规模正呈现爆发式增长，从国有大行到地方银行，纷纷加入这一行列。 在阿里资产平台的"银行清仓"栏目中，可以找到全国各地的银行挂出的房产资产，价格从几万元至上亿元不等。其中，地方城商行与农信社挂牌的规模尤 其引人注目。 据《第一财经》报道，在城商行中，兰州银行2025年挂牌直售房产标的为1779个，比去年挂牌数增长超过50%。吉林银行挂牌出售的房产超过2000个，天 津银行超过1200个。而农信系统的房产处置规模 ...