Core Viewpoint - The overall transaction volume of commercial properties in Hong Kong has shown a significant recovery in the first ten months of 2025, with a total of 3,700 contracts registered, indicating a 8.0% increase compared to the entire year of 2024, and reaching 92.5% of the total value from the previous year [1] Group 1: Overall Market Performance - In the first ten months of 2025, the total number of commercial property transactions reached 3,700, with a total value of HKD 531.88 billion, surpassing the 2024 total of 3,425 transactions [1] - The estimated total transactions for the year are projected to reach approximately 4,300, marking the highest level since 2022 [1] - The recovery is attributed to the peak of interest rates, gradual economic recovery, rising stock market, and significant price adjustments in commercial properties [1] Group 2: Office Market - The office sector, including hotels, recorded 861 transactions valued at HKD 217.43 billion in the first ten months of 2025, representing a 71.2% increase in volume and a 1.1 times increase in value compared to the same period in 2024 [2] - The number of transactions in the office sector has also increased by 32.7% and 40.3% compared to the total for the previous year [2] - Notable high-value transactions include the sale of a commercial building in Central for HKD 56.5 billion and a hotel for HKD 18.7 billion [2] Group 3: Industrial Market - The industrial sector recorded 1,939 transactions valued at HKD 134.06 billion in the first ten months of 2025, marking a 33.9% increase in volume and a 1.8% increase in value compared to the same period last year [2] - This figure also represents a 6.8% increase compared to the total transactions for the previous year [2] - A significant transaction involved the sale of warehouses in Tsuen Wan for HKD 4.76 billion [2] Group 4: Retail Market - The retail sector recorded 895 transactions valued at HKD 139.37 billion in the first ten months of 2025, reflecting an 18.7% increase in volume but a 5.1% decrease in value compared to the same period last year [3] - The total number of transactions has reached 93.7% of the previous year's total, while the value has reached 75.3% [3] - The decline in value is attributed to a high base from a significant transaction last year [3]

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]

Group 1 - The overall economic and business environment in Hong Kong has been improving, leading to a steady increase in the transaction volume of commercial properties [1] - In July 2025, there were 441 registrations of commercial property transactions, a 7% increase from June's 412, marking the highest level in three months and the second highest this year [1] - The total value of transactions in July reached HKD 6.624 billion, a significant month-on-month increase of 92.8%, driven by several transactions exceeding HKD 1 billion [1] Group 2 - The market for industrial buildings remains strong, with 220 registrations in July, up 5.3% from June's 209, maintaining an average of over 200 registrations per month [1] - The total value of industrial building transactions in July was HKD 1.311 billion, a slight decrease of 1.4%, with an average price of approximately HKD 5.96 million per transaction [1] Group 3 - The number of commercial building transactions reached 100 in July, a 7.5% increase from June's 93, marking the second month this year with over 100 transactions [2] - The total value of commercial building transactions surged 2.3 times to HKD 2.637 billion, supported by several large transactions exceeding HKD 100 million [2] Group 4 - The retail and dining sectors are experiencing a revival due to an increase in tourist arrivals, leading to a rise in demand for retail properties [2] - In July 2025, there were 121 registrations of shop transactions, a significant month-on-month increase of 10%, the highest level in over three years [2] - The total value of shop transactions doubled to HKD 2.676 billion, the highest since April of the previous year, indicating a recovery from previous downturns [2]

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]