Group 1 - The core viewpoint of the news is that the commercial property market is showing signs of recovery, with a significant increase in registration numbers and amounts in the first five months of 2025, attributed to previous price declines and favorable market conditions [1][2] - In the first five months of 2025, the total number of commercial property registrations reached 1,861, representing a year-on-year increase of 39.8%, while the registered amount was approximately HKD 25.311 billion, also up by 39.7% [1] - The increase in registration volume is driven by a previous sharp decline in property prices, lower interest rates, and a buoyant stock market, which have attracted more buyers into the market [1] Group 2 - Despite the overall increase in commercial property registrations, shop transactions lagged behind the market, with only 395 registrations in the same period, a modest year-on-year increase of 6.5%, and a registered amount of approximately HKD 6.467 billion, down by 26.7% [2] - The retail sector is experiencing weakness, as indicated by a 2.3% year-on-year decline in retail sales value in April, which has negatively impacted the commercial property market [2] - The company believes that while transaction volumes may continue to rise in the second half of the year due to lower interest rates, the overall transaction amounts may be affected by uncertainties related to trade wars [2] Group 3 - The company suggests that the government should host more high-value economic events and trade activities to revitalize the economy, such as inviting international sports teams and famous artists to perform in Hong Kong [3] - It is recommended that the government increase the investment cap for non-residential properties in the new investment immigration program to HKD 10 million, allowing applicants to invest in larger commercial properties [3]

Group 1 - The overall property transaction volume in Hong Kong for April 2025 reached 7,229 contracts, totaling HKD 501.08 billion, marking an increase of 8.5% in volume and 9.8% in value compared to March [1] - The residential property transactions recorded 5,694 contracts and HKD 421.97 billion in April, up 6.1% in volume and 8.7% in value from March, achieving the highest levels in five months [3] - The secondary residential market saw 3,830 transactions totaling HKD 292.6 billion in April, reflecting a significant increase of 29.9% in volume and 34.0% in value compared to March, reaching a new high in 12 months [4] Group 2 - The increase in property transactions is attributed to the easing of stamp duty regulations, which has positively influenced market sentiment, leading to a 67.8% rise in overall registration volume over two months [1] - The first-hand private residential market experienced a decline in April, with 1,598 transactions and HKD 136.2 billion, down 28.1% in volume and 16.8% in value from March, indicating a slowdown in new project sales [3] - The market is expected to face challenges in May, with projections indicating a drop in registration numbers to around 5,000, a decrease of approximately 30% from April [1]