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 Insights - The overall property registration volume in Hong Kong for July reached 7,199 cases, a slight decrease of approximately 1% from June's 7,221 cases, indicating a stable market above the 7,000 mark for two consecutive months, a situation last seen from April to May of the previous year [1] Group 1: Market Activity - The recent property transaction activity is considered quite active, reflecting a positive market sentiment following the easing of bank interest rates and a reduction in trade tensions [1] - The registration cases in July primarily reflect the market conditions of June due to the time required for signing and submitting sale agreements to the land registry [1] Group 2: Residential Property Performance - In the residential sector, excluding public housing, the registration volume for new private homes and second-hand residential properties totaled 6,104 cases in July, a decrease of about 2.7% from June's 6,273 cases, yet still marking the second-highest level in eight months [1] Group 3: Non-Residential Property Performance - The registration volume for non-residential properties, including commercial shops, parking spaces, and others, reached 1,000 cases in July, an increase of approximately 16.4% from June's 859 cases, marking a 23-month high and the first time surpassing 1,000 cases since August 2023 [1]