Lai Fung released its property market outlook for Greater China and Hong Kong in 2025, predicting that residential property prices in Hong Kong will remain stable or rise by 5% next year, with total transactions of first and second-hand properties expected to increase to approximately 0.055 million to 0.058 million, an increase of 10% to 15%, with new property sales accounting for 35% to 40% of that. Wang Zhaoqi, Senior Director and Head of Research and Consultancy for Greater China at Lai Fung, believes that as interest rates drop, market purchasing power will gradually be released, providing substantial support for small to medium-sized units priced below 10 million. As for this year's property prices, a decline of 7% is expected, with residential transaction numbers estimated at 0.053 million.

Lai Fung expects the residential rental market to continue performing well, with rental prices projected to rise by 6% to 7% this year and another 3% to 5% next year, benefiting mainly from several government talent introduction programs. In the luxury property market, prices are expected to stabilize, with rental increases capped at 3%. Additionally, it is anticipated that government land sale revenues will reach 8 billion to 10 billion yuan next year, with compensation for land premium expected to be between 10 billion to 15 billion.

Since the beginning of the year, residential prices in first-tier cities in China have risen by approximately 2.4%. Lai Fung predicts that by 2025, property prices in first-tier cities will remain stable or rise by 5%, while second and third-tier cities are expected to see a decline of 3% to 5%, with the market in the Greater Bay Area performing steadily.

In the commercial market, Liu Bowe, Executive Director and Head of Commercial Property Service for Hong Kong at Lai Fung, indicated that this year has still seen some international Banks, Private Equity firms, and domestic Internet Technology companies expanding their scale. Considering the time needed for the new supply to be absorbed, pressure is expected to be greater in Central and Causeway Bay in the future, while Chai Wan is anticipated to stabilize, with predictions showing that Grade A office rents in Hong Kong Island could drop by as much as 3% next year. Senior Director and Head of Commercial Property Service for Kowloon, Wu Zhifeng, mentioned that with policy support, the Infrastructure and Education Industries have shown demand for office space in Kowloon this year, estimating that tenants and landlords will continue to negotiate rental adjustments, and Kowloon Grade A office rents may decrease by 2% to 4% next year.