<p>根據最新的官方數據，香港的房地產交易在四月份激增至四個月來的最高水平，而住宅銷售的價值和數量達到了 24 個月來的最高水平，這突顯了在利率不確定性和美國 - 以色列對伊朗戰爭背景下，該市房地產行業的韌性。根據土地註冊處週二發佈的數據，上個月共完成了 8,692 宗交易，包括住宅、辦公室、商鋪、停車位和工業用地，較三月份的 7,737 宗交易增長了 12.3%。總銷售額上升了 17%，約為 729 億港元（93 億美元）。數據顯示，四月份新建和二手住宅單位的銷售環比增長了 16.7%，達到 7,368 宗，為 2024 年四月以來的最高水平，當時售出 8,551 個單位。四月份的銷售額較三月份增加了約 15.4%，達到 636.7 億港元。瑞安地產研究部負責人陳海超表示：“新房銷售登記數量顯著反彈，加上二手市場和商業及工業物業的穩定表現，導致市場持續繁榮。” 鑑於近期新房銷售強勁，陳估計五月的主要住宅交易可能超過 4,300 宗，從而將整體房地產交易提升至約 8,730 宗。摩根士丹利指出，香港住宅市場的穩步復甦正在推動該市辦公室和零售領域的更廣泛復甦。週一，這家美國投資銀行將對該市房價的預測上調至今年增長 12%，此前為 10%，並預計到 2027 年將再上漲 5%。摩根士丹利還補充説，辦公室領域可能會有所緩解，中環地區的租金預計將從之前的 3% 上調至 5%。預計到年底，零售租金將轉為正增長，但仍可能出現 3% 的年度下降，而 2025 年則預計下降 10%。上週，香港金融管理局重申了對利率不確定方向的警告，因中東持續緊張局勢擾亂了全球的石油供應。該市的事實上的中央銀行表示，美國的利率變動受到伊朗衝突的影響，這導致油價上漲，從而影響了消費價格。儘管自上個月以來實現了停火，分析師預測戰爭將降低今年降息的可能性。香港的貨幣政策與美國保持一致，以維持本地貨幣與美元的掛鈎。晨星現在預計今年將進行一次降息，而不是兩次，而摩根大通則預測在接下來的四個季度將暫停加息。</p>

恆生指數

安碩恆生指數

南方恆生指數ETF

<p>香港的房地產市場在四月份出現了顯著增長，交易量達到四個月來的最高點，住宅銷售創下 24 個月來的峯值。共記錄了 8,692 宗交易，比三月份增長了 12.3%，總銷售額上升了 17%，達到 729 億港元。新房和二手房的銷售環比增長了 16.7%。分析師預測市場將繼續增長，摩根士丹利將其房價預測上調至今年增長 12%。儘管對利率和地緣政治緊張局勢存在不確定性，但市場在各個領域顯示出韌性和復甦</p>

<p>Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city’s real estate sector amid uncertainties over interest rates and the US-Israel war on Iran. A total of 8,692 transactions across homes, offices, shops, car parking spots and industrial spaces were concluded last month, up 12.3 per cent from March’s 7,737 deals, according to data released on Tuesday by the Land Registry. The total sales value rose 17 per cent to about HK$72.9 billion (US$9.3 billion). Sales of new and second-hand residential units climbed 16.7 per cent month on month to 7,368 in April, the highest since April 2024 when 8,551 units were sold, the data showed. The sales value in April increased about 15.4 per cent over March to HK$63.67 billion. “The number of new home sales registrations has rebounded significantly, coupled with stable performance in the secondary market and commercial and industrial properties, resulting in a continued boom in the market,” said Derek Chan Hoi-chiu, head of research at Ricacorp Properties. Given the strong sales of new homes in recent weeks, Chan estimated that primary residential transactions in May could exceed 4,300, boosting overall property deals to about 8,730. A steady recovery in the city’s residential market was spurring a wider recovery for the city’s office and retail segments, according to Morgan Stanley. On Monday, the US investment bank upgraded its forecast for the city’s home prices to a 12 per cent increase this year from 10 per cent previously, and anticipated another 5 per cent rise in 2027, it said in a report. Morgan Stanley added that the office segment was likely to see some relief with Central district poised to command rent increases of 5 per cent from the previous estimate of 3 per cent. Retail rents were tipped to turn positive by year-end but would still likely log a yearly decline of 3 per cent, compared with a 10 per cent drop in 2025. Last week, the Hong Kong Monetary Authority reiterated its warning over the uncertain direction of interest rates amid ongoing tensions in the Middle East that have disrupted oil supplies across the world. The city’s de facto central bank said US interest-rate movements were affected by the conflict in Iran, which had led to higher oil prices and thereby impacted consumer prices. Despite a ceasefire since last month, analysts have forecast that the war would reduce the chances of a rate cut this year. Hong Kong’s monetary policy moves in lockstep with the US to maintain the local currency’s peg to the dollar. Morningstar was now expecting a single rate cut this year instead of two, while JPMorgan Chase forecast a rate pause over the next four quarters.</p>
<div class="lb-trans"><p>根據最新的官方數據，香港的房地產交易在四月份激增至四個月來的最高水平，而住宅銷售的價值和數量達到了 24 個月來的最高水平，這突顯了在利率不確定性和美國 - 以色列對伊朗戰爭背景下，該市房地產行業的韌性。根據土地註冊處週二發佈的數據，上個月共完成了 8,692 宗交易，包括住宅、辦公室、商鋪、停車位和工業用地，較三月份的 7,737 宗交易增長了 12.3%。總銷售額上升了 17%，約為 729 億港元（93 億美元）。數據顯示，四月份新建和二手住宅單位的銷售環比增長了 16.7%，達到 7,368 宗，為 2024 年四月以來的最高水平，當時售出 8,551 個單位。四月份的銷售額較三月份增加了約 15.4%，達到 636.7 億港元。瑞安地產研究部負責人陳海超表示：“新房銷售登記數量顯著反彈，加上二手市場和商業及工業物業的穩定表現，導致市場持續繁榮。” 鑑於近期新房銷售強勁，陳估計五月的主要住宅交易可能超過 4,300 宗，從而將整體房地產交易提升至約 8,730 宗。摩根士丹利指出，香港住宅市場的穩步復甦正在推動該市辦公室和零售領域的更廣泛復甦。週一，這家美國投資銀行將對該市房價的預測上調至今年增長 12%，此前為 10%，並預計到 2027 年將再上漲 5%。摩根士丹利還補充説，辦公室領域可能會有所緩解，中環地區的租金預計將從之前的 3% 上調至 5%。預計到年底，零售租金將轉為正增長，但仍可能出現 3% 的年度下降，而 2025 年則預計下降 10%。上週，香港金融管理局重申了對利率不確定方向的警告，因中東持續緊張局勢擾亂了全球的石油供應。該市的事實上的中央銀行表示，美國的利率變動受到伊朗衝突的影響，這導致油價上漲，從而影響了消費價格。儘管自上個月以來實現了停火，分析師預測戰爭將降低今年降息的可能性。香港的貨幣政策與美國保持一致，以維持本地貨幣與美元的掛鈎。晨星現在預計今年將進行一次降息，而不是兩次，而摩根大通則預測在接下來的四個季度將暫停加息。</p>
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Hong Kong home sales surge to 2-year high, boosting overall transactions

南華早報

摩根士丹利

晨星信息

摩根大通

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

香港房屋銷售激增至兩年高點，帶動整體交易量上升