Core Insights - The private residential property price index in Hong Kong reached 292.5 points in September 2025, reflecting a monthly increase of 1.3% and an annual increase of 1.59%, marking four consecutive months of growth with a cumulative rise of 2.1% [1] - In the first nine months of this year, property prices have increased by a cumulative 1.14%, while the current index is approximately 26.53% lower than the historical high of 398.1 points recorded in September 2021 [1] Price Index by Unit Type - The price index for small to medium-sized units (categories A, B, and C) stands at 294 points, with a monthly increase of 1.31% and an annual increase of 1.66% [1] - The price index for large units (categories D and E) is at 267 points, showing a monthly increase of 1.37% and an annual increase of 0.87% [1] Rental Market Performance - The private residential rental index reached 200 points in August this year, reflecting a monthly increase of 0.2% and marking the highest level in six years since August 2019, just 0.05% below the previous high of 200.1 points [1] - In the first nine months of this year, the rental index has cumulatively increased by 3.9% [1]

Group 1 - The core viewpoint indicates that the completion of private residential units in Hong Kong for Q1 reached 34% of the annual forecast of 20,862 units, with an estimated completion of around 20,000 to 21,000 units for the year, aligning closely with the forecast [1] - Major projects expected to obtain occupancy permits include "PARK SEASONS" (685 units), "SEASONS PLACE" (650 units), "柏珑III" (680 units), and "晓柏峰" (492 units) [1] - The latest data from the Hong Kong Buildings Department shows that in April 2025, there were 193 private residential units under construction, a 79% increase from 108 units in March 2025, although the actual pace of construction remains slow [1] Group 2 - In April, five private residential projects were completed in Hong Kong, with the largest being "Belgravia Place I" in Cheung Sha Wan, involving 714 units, followed by "亲海駅II期" in Yau Tong with 658 units [2] - In the first four months of the year, 16 projects in Kowloon accounted for 6,729 units completed, representing approximately 94.8% of the total, while only five projects in Hong Kong Island contributed 368 units, about 5.2% of the total [2] - No private residential projects were completed in the New Territories during the same period [2]