Meiliang: Hong Kong property market successfully "counterattacked" this year, next year property prices are expected to continue rising by about 10% to 15%.

Ma Taiyang, CEO of MIDLAND HOLDING (Residential) pointed out that by 2025, the property market in Hong Kong had successfully "counterattacked", with transactions of residential properties steadily increasing and prices stabilizing and rising. This was the first time in four years that there was a simultaneous increase in volume, quantity, and price. He mentioned that looking ahead to next year, the property market is expected to continue to improve, with prices likely to rise by around 10% to 15% due to multiple factors driving the market. Developers are expected to continue actively promoting the sale of new properties, with the total number of first-hand transactions expected to increase by around 5% to 21,000 units, setting a new record high for the year. Second-hand transactions are also expected to increase by approximately 9% to around 50,000 units, reaching a new high in five years. Ma Taiyang stated that the property market performed well throughout the year, starting with the government's reduction of stamp duty on properties at the beginning of the year through the "Budget", which effectively boosted the lower-end property market and stimulated the sale of new properties. Subsequent interest rate cuts by the Federal Reserve, Hong Kong stocks hovering at high levels, and a continuous influx of talent into Hong Kong also contributed to the positive investment environment, driving the overall improvement of the property market. Looking back at the property market in 2025, both first-hand and second-hand transactions showed simultaneous growth, with first-hand transactions particularly strong. It is estimated that the total number of first-hand transactions throughout the year will reach a record high of 20,000 units, an increase of nearly 30% from the previous year's total of about 15,500 units, with the transaction amount expected to increase by over 6% to HK$200 billion, setting a new high for the fourth consecutive year. As for second-hand transactions, it is estimated to reach around 46,000 units, an increase of nearly 12% from the previous year, with the transaction amount expected to exceed HK$300 billion, an increase of nearly 14% from the previous year, also setting a new high for four years. Regarding property prices, various positive factors emerged, leading to a successful "bottoming out" and rebound in prices throughout the year. The latest "Midland Property Price Index" stands at 134.09 points, representing a cumulative increase of around 4.65% so far this year, and a rebound of approximately 6.18% from the low earlier in the year. During the same period, rental prices have also risen in tandem with property prices, increasing by approximately 2.92% in the first 11 months of the year, marking the third consecutive year of growth.