Hong Kong property market rebounds and buyers return, with over a thousand new homes sold for the ninth consecutive month.

According to Yicai, Hong Kong property has once again become an important option for asset allocation. "Before, as an agent, I had to release good news every day to stimulate clients, but now it's not necessary anymore. There are more clients, and the supply is relatively tight," said Li Wei, currently the chief business director of China Real Estate in Hong Kong, who has been working in the real estate industry in Hong Kong for nearly 30 years. After experiencing adjustments over the past four years, the Hong Kong property market is once again bustling - many new properties are selling well, clients are making large purchases of entire floors, rental yields have reached 4%, and foreign clients are returning to the market... Transaction data is also very impressive. According to data from China Real Estate, the number of first-hand transactions in October exceeded 1,700, stabilizing at over a thousand for the ninth consecutive month, matching the longest record from March to November 2019; at the same time, at least 64 transactions with amounts exceeding 50 million yuan were recorded in the month, setting a new high for the year, involving a total amount of over 6.8 billion yuan. Behind the return of buyers to the Hong Kong property market, on the one hand, is the weakening of the Hong Kong property tax burden due to the measures such as "de-spicy" and a series of policy combinations, stimulating the release of demand. On the other hand, under the interest rate cut cycle by the Federal Reserve, Hong Kong mortgage rates have also declined, reducing the burden on residential property purchases, while the stable rebound in rental yields has also led to a change in asset allocation direction. The industry believes that after multiple cycles, the Hong Kong property market has now shown signs of stabilizing after falling. International giants like Morgan Stanley and Citibank believe that the Hong Kong real estate market will further recover after hitting a low point in 2025 and enter an upward cycle.