12月整体物业注册量创20个月新高，其中二手住宅成为动力之一。据资料显示，12月二手住宅(包括私 人住宅及公营房屋)注册量共录4922宗，环比上升约18.2%，与整体物业同创20个月新高。鉴于签署买卖 合约至递交到土地注册处注册登记需时，注册个案属滞后数据。 美联物业分析师岑颂谦指出，以2025年全年计，整体物业注册量合共录80702宗，同比上升约18.7%， 自2021年后首次突破8万宗水平，创4年新高。预期多项利好因素持续带动下，2026年整体物业注册量势 将续升。 智通财经APP获悉，据香港土地注册处资料显示，2025年12月整体物业(包括一手私楼、二手住宅、一 手公营房屋、工商铺、纯车位及其他等)录8999宗，环比上升约26.4%，创20个月新高。 至于最新一周的二手市况，岑颂谦指出，随着笋盘去货快、补充慢，二手交投减少。综合美联分行资料 显示，全港35个大型屋苑过去一周(2025年12月29日至26年1月4日)合共录46宗成交，较前一周的71宗减 少约35.2%，然而比起去年同期44宗同比仍轻微上升约4.5%。值得留意的是，近期大型焦点新盘收票情 况理想，反映市场气氛相当畅旺，预料随着假日气氛退却， ...

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]