智通财经APP获悉，中原(工商铺)董事总经理潘志明预料，在改装学生宿舍热潮持续下，工商铺大手买 卖交投亦保持炽热，带动整体买卖表现，2026年第一季整体工商铺录得约940宗买卖成交，成交金额约 126亿元(港元，下同)，价量将会较2025年第四季有所上升，料买卖价由平稳至下跌10%。而租务表现则 平稳，明年首季料录得3600宗租务成交，不过租金水平仍会持续偏软，平稳至下跌15%，交投量则会稳 中向上。 至于商厦市场，中原(工商铺)写字楼部董事陈雁楼表示，商厦市场仍由买家主导，买卖价格相对较为受 压，预计2026年商厦呎价持平，个别地区仍有约5%下跌空间，相信随着更多实力买家会因价格理想而 积极入市寻宝，预料2026年第一季可录得约240宗买卖成交，涉及买卖金额约60亿元;租务方面则见平 稳，预料第一季可录得约1500宗水平，整体租金走势与买卖价同步，维持在5%跌幅之内。 至于工厦市场，中原(工商铺)工商部董事刘重兴预料第一季可录得买卖个案约500宗，成交金额约36亿 元，物业价格大致维持平稳，个别地区如黄竹坑、柴湾、观塘则有约5%回落空间。此外，由于工厦物 业空置率持续高企，市场期待政府有机会重新检讨及增加工 ...

Group 1 - The overall transaction volume of commercial properties in Hong Kong has slightly decreased, with a total of 346 registrations in October 2025, down 0.9% from 349 in September [1] - The performance of different property categories showed mixed results, with commercial buildings experiencing a significant drop of over 20%, while industrial buildings saw a rise of 25.3% [1] - Industrial property transactions have rebounded since August, with 188 registrations in October, a 25.3% increase from 150 in September, marking a three-month high [1] Group 2 - The registration volume for commercial buildings fell to 83 in October, a decrease of 22.4% from 107 in September, making it the third lowest month of the year [2] - The total value of commercial building transactions also declined by 16.2% to 8.42 billion HKD, marking the second lowest level of the year [2] - The number of shop transactions dropped to 75 in October, an 18.5% decrease, reaching the second lowest level in eight months, although the total value of shop transactions increased by 53.9% to 23.18 billion HKD [2]

Core Insights - The overall property transaction registrations in Hong Kong have remained high, with fluctuations influenced by market sentiment regarding policies and interest rates, as well as weather conditions and holiday periods [1][2] - In September 2025, there were 6,883 property transaction registrations, a 6% increase from August's 6,488, marking a stabilization after two months of decline [1] - The total value of property registrations in September rose by 13% to HKD 54.517 billion, the highest in three months [1] Residential Market - The primary residential market showed strong performance in September, with transaction registrations nearing 2,000, marking the third highest month of the year [1] - The number of primary residential transactions increased by 15% to 1,987, while the total value surged by 25% to HKD 22.330 billion, the second highest of the year [1] - The top three new developments for primary residential registrations in September were Kai Bo Fung II (370 transactions), BLUE COAST II (116 transactions), and Shang Yan Phase 3 (93 transactions) [1] Secondary Residential Market - The secondary residential market rebounded in September, with transaction registrations increasing by 6% to 3,305, maintaining a level above 3,000 for six consecutive months [2] - The total value of secondary residential transactions rose by 12% to HKD 25.010 billion, indicating a positive trend in the market [2] Non-Residential Market - The non-residential market underperformed, with a slight decline in overall transaction registrations, primarily due to a nearly 10% drop in parking space transactions [2] - The total registrations for commercial properties and others fell by 2% to 785, while the total transaction value plummeted by 22% to HKD 3.916 billion [2] - Despite the overall decline, industrial and commercial buildings saw significant increases of nearly 30% and nearly 40%, respectively, but the numbers were insufficient to offset the overall downturn [2] Market Outlook - The market sentiment remains positive, but there are expectations of a slowdown in October due to the upcoming National Day and Mid-Autumn Festival holidays, which may hinder transaction progress [2] - Recent data indicates a contraction in secondary market transactions in late September, leading to predictions of a potential decline in overall property transaction registrations in October, possibly testing the 6,240 level, which would be the lowest in nearly eight months [2]