"香港今年的房价，算是触底了"，"港漂"8年，白领黄莉雯（化名）今年入手了一套"细价房"（指低总 价房源），终于在香港安了家。 推动她下定决心的，是年初恒基地产旗下九龙城新盘"南首"的开盘盛况。3月1日，南首开盘，首批推出 181伙单位（即181套房源），折后售价介于409.9万港元至728.64万港元之间。凭借低于市场预期的定价 和名校网络加持，项目最终吸引7000个认购登记，相当于37人抢一套房，实现开盘"日光"。 "房价已经到了合适的范围，（我觉得）不会再跌。而且现在总价在400万（港元）以下房子只需要给 100块（港元）的印花税，租售比也还可以，我买了就算不自住，房租出去也能收回月供"，南首项目让 黄莉雯敏锐捕捉到"上车"窗口期。结合个人需求，她最终选择了一套二手房，"还款额和之前的房租差 不多"。 港股触底反弹、房价经数年调整至低位、房贷利率回落、银行重启减息……受香港多重利好政策与市场 环境叠加影响，黄莉雯和她的许多"港漂"朋友选择在今年"上车"。 而抓住窗口期"抄底"的买家们，也推动了香港楼市买卖转旺、房价终止三年跌势。中原地产数据显示， 今年1-11月，香港一手私人住宅成交量达1.88万宗，预 ...

Core Viewpoint - The Hong Kong real estate market has reached a bottom, with a significant increase in transactions and a halt in the three-year decline in property prices, driven by favorable market conditions and government policies [3][12]. Group 1: Market Dynamics - The number of transactions for new private residential properties in Hong Kong is expected to exceed 20,000 for the year, with a year-on-year increase of approximately 20% [3]. - The number of transactions for second-hand private residential properties is projected to reach 39,000, marking a new high in recent years [3]. - The demand for properties priced below 4 million HKD has surged, with 12,600 transactions recorded in the first 11 months of the year, a 20% increase compared to the previous year [4]. Group 2: Buyer Behavior - Both wealthy investors and first-time homebuyers are actively participating in the market, with first-time buyers making up 70-80% of the low-priced property transactions [4][6]. - The rental market has seen a continuous increase in rents, with an overall rise of 4.84% in the first 11 months of the year, further incentivizing first-time buyers to enter the market [4][6]. - The phenomenon of "paying less than rent" has emerged, with 75% of properties showing lower mortgage payments compared to rental costs, attracting renters to purchase homes [6]. Group 3: Government Policies and Economic Factors - The government has raised the stamp duty exemption threshold from 3 million HKD to 4 million HKD, significantly reducing the cost for buyers [6]. - The current interest rate environment has decreased mortgage burdens, making home purchases more attractive [6][8]. - The influx of capital into the real estate market is also driven by the depreciation of the US dollar and geopolitical uncertainties, making real estate a preferred asset class [8]. Group 4: Future Outlook - The limited supply of new properties, with only 7 residential land plots released this year, is expected to maintain upward pressure on prices [12]. - Predictions indicate that Hong Kong's property prices may rise by 15% in 2026, with transaction volumes for both new and second-hand properties expected to increase significantly [12][13]. - The market is anticipated to enter a rebound phase, with optimistic projections for the performance of small to medium-sized residential properties [13].