Core Insights - Hong Kong's secondary property prices showed signs of stabilization in Q2 2025, with the Centaline City Leading Index dropping 0.2% week-on-week to 139.94 during the week of September 22-28 [1] - Small units (under 100 square meters) saw a 0.2% month-on-month price increase, while large units (100 square meters and above) experienced a 2.7% decline [1] - Year-on-year declines narrowed to -3.8% for small units and -5.8% for large units, indicating an improvement compared to Q4 2024 [1] Property Market Trends - In 2025, low-priced new properties in the New Territories (such as Shatin, Tuen Mun, and Tseung Kwan O) gained popularity, accounting for 50% of transaction volume, while central urban areas still face inventory pressure [1] - The stamp duty policy was adjusted for residential units priced at HKD 4 million and below, reducing the stamp duty from HKD 60,000 to HKD 100, which is less aggressive than the comprehensive measures taken in 2023-2024 [1] - Despite the weaker policy measures, the proportion of mainland buyers increased to 17.74% in the first half of 2025, up from 5.90% in 2020, injecting new demand into the market [1] Economic Context - The recovery of Hong Kong's economy has led to improved income expectations, combined with a temporary easing of interest rates (such as a short-term decline in HIBOR), supporting the initial stabilization of the property market [1] - From January to August 2025, the private residential price index only slightly decreased by 0.24%, indicating signs of price stabilization after a bottoming out [1]

Group 1 - The core viewpoint of the article indicates that the Central Plains Real Estate reports a weekly increase in the Central Plains City Leading Index, which measures second-hand housing prices in Hong Kong, rising by 0.1% to 136.68 during the week from June 30 to July 6, 2025 [1]

中原地产：香港二手房价格按周基本持平 金十数据6月13日讯，中原地产在网站上表示，在2025年6月2日至25年6月8日当周，衡量香港二手房价 格的中原城市领先指数基本持平于135.57。 ...

中原地产：香港二手房价格按周下跌0.8% 金十数据5月30日讯，中原地产在网站上表示，在2025年5月19日至25年5月25日当周，衡量香港二手房 价格的中原城市领先指数按周下跌0.8%，至135.16。 订阅粤港澳大湾区动态 +订阅 ...

Group 1 - The core point of the article indicates that the Central Plains Real Estate reported a weekly increase in the Central City Leading Index for Hong Kong's second-hand property prices by 0.3%, reaching 136.7 during the week of May 5 to May 11, 2025 [1]

今天看到新闻，反应香港二手房市场的中原城市领先指数（CCL），5月24日的最新点数是144点，按周下跌了1.43%，创下了9个星期以来的最低。 网上有人评论说香港楼市撤辣没用，那我觉得还是有用的，起码在3月份的时候狠狠吸收了一大波从大陆过去的买盘，消化了不少存量，如果出手晚 了赶上之后几个月内地的大松绑，效果会更差。我觉得无论是政府、地产商还是老百姓，都已经意识到现在这个时候，依然有能力也有意愿的房产 买家，是一种限量稀缺资源。手快有，手慢无。 李嘉诚就趁着这一波香港房市反弹连续推出20%-30%的打折楼盘，用减让价格换成交量，大大的出了一波库存，这精明的老商人说自己一辈子没 做过蚀本生意，这一次自然也不会平白无故的让利。 …… 我一直说房价的合理估值是租售比与房贷利率相当，香港也可以套用这个公式算一下。 之前我在香港的时候就有打听过，当地房屋年租金收益大约是房价的3.5-4%，为了交叉验证我搜了一下相关研报，中金分析的数据是3.4%，差的 不远，那就以3.5%为准好了。这个租售比基本超过了大多数内地的一线二线城市。 我查了一下CCL去年的指数，也是5月下旬，当时有167.9点，这么一算同比跌了将近15%。 ...