李婉茵续指，豪宅市场成交量的升幅会较大众住宅市场好，其中原因是香港政府放宽住宅物业的按揭成数（不论是自住或出租），有助鼓励换楼客及投资者入市。近日看见一些知名人士入市，例如星展银行(香港)行政总裁庞华毅以4940万元购买位于跑马地的The Aster的一个1249平方呎的三房单位，汇丰环球投资管理行政总裁马礼豪以5000万元购入了位于半山区Century Tower的一个2041平方呎的单位。Ms. Li Wanyin, head of the Hong Kong research department at High Power, still maintains the forecast for a 5%-10% cut in Hong Kong's annual property prices, and also expects prices to remain stable in 2025. The future trend will be influenced by the speed of interest rate cuts. If the rate cut pace is slow, Hong Kong property prices may come under further pressure.
According to Jrj.com, recently, the Rating and Valuation Department of Hong Kong released the latest Hong Kong property market data for September, with the private residential price index falling by 1.67% to 287.9 points on a monthly basis, down 12.5% year-on-year. The rental index is at 196 points, up 0.1% on a monthly basis, with a cumulative increase of 5.4% so far this year. Ms. Li Wanyin, head of the Hong Kong research department at High Power, still maintains the forecast for a 5%-10% cut in Hong Kong's annual property prices, and also expects prices to remain stable in 2025. The future trend will be influenced by the speed of interest rate cuts. If the rate cut pace is slow, Hong Kong property prices may come under further pressure.
Ms. Li Wanyin stated that as of the end of September this year, there were 21,000 completed but unsold units, an increase of 11% compared to June. Developers are currently actively selling inventory, but some properties have started to raise prices, reflecting initial signs of stability in the Hong Kong property market. The performance of the primary residential market in the past two weeks has been quite good, indicating that buyer confidence in the residential property market is gradually recovering.
Ms. Li Wanyin further pointed out that the increase in transaction volume for luxury homes will be better than the mass residential property market. One reason is that the Hong Kong government has relaxed the mortgage percentage for residential properties (whether for self-occupancy or rental), encouraging homebuyers and investors to enter the market. Recently, some celebrities have been seen entering the market, such as Star Bank (Hong Kong) CEO Paul Huayi purchasing a three-bedroom unit at The Aster in Happy Valley for 49.4 million yuan and HSBC Global Asset Management CEO Ma Lihao purchasing a 2041 square foot unit at Century Tower in Mid-Levels for 50 million yuan.
Ms. Li Wanyin concluded that in recent years, ultra-luxury residential properties have undergone significant price adjustments, and once reaching reasonable levels, the market sentiment has begun to improve. There have also been several major transactions in the market recently, with over half of the buyers reportedly being mainland Chinese clients. These large transactions indicate a resurgence in trading volume in the luxury home market, and it is expected that the property prices in the overall luxury housing market in Hong Kong will remain stable in 2025.
