2025年香港物業(yè)報(bào)告

H口NG香K口N.巷香港特別行政區(qū)政府差餉物業(yè)估價(jià)署RatingandValuationDepartmentTheGovernmentoftheHongK香港物業(yè)報(bào)告本報(bào)告回顧2024年香港物業(yè)市場(chǎng)的活動(dòng)，並預(yù)測(cè)2025及2026年的樓宇落成量。2024withforecastofcompletionsfor2025and2026.差餉物業(yè)估價(jià)署署長(zhǎng)蕭家賢太平紳士2025年4月CommissionerRatingandValuationDepartmentApril2025差餉物業(yè)估價(jià)署RatingandValuationDepartment3l6序言序言FOREWORD《香港物業(yè)報(bào)告》（報(bào)告）載錄差餉物業(yè)估價(jià)署在每年年底所編製的物業(yè)資料與數(shù)據(jù)。有關(guān)金的資料，除詳載於正文外，並會(huì)另表列明。報(bào)告所預(yù)測(cè)的落成量是根據(jù)發(fā)展商與建築師所提供的資料推算。本署並藉著視察及在年底所進(jìn)行的調(diào)查，瞭解發(fā)展進(jìn)度和蒐集有關(guān)資料，以求得出更可靠的預(yù)測(cè)數(shù)字。報(bào)告內(nèi)所載的預(yù)測(cè)數(shù)字均以曆年計(jì)算，因而或會(huì)與載於其他政府刊物並以財(cái)政年度計(jì)算的數(shù)字有所不同。由於物業(yè)發(fā)展的進(jìn)程受很多因素影響，而且在隨後的一年內(nèi)，無(wú)可避免地會(huì)出現(xiàn)一些變化。因此，本署只能在編製下一份報(bào)告時(shí)修訂預(yù)測(cè)數(shù)字。修訂的幅度主要是根據(jù)市場(chǎng)的情況而定。本署在年底進(jìn)行物業(yè)空置調(diào)查，包括向大廈管理處蒐集空置物業(yè)數(shù)據(jù)，或派員實(shí)地視察，以編製物業(yè)空置量的統(tǒng)計(jì)數(shù)字。對(duì)於物業(yè)管理公衷心謝忱。.hk）或24小時(shí)自動(dòng)電話資訊服務(wù)附設(shè)的資料傳真設(shè)施（21522152免費(fèi)取得各項(xiàng)最新的數(shù)字。TheHongKongPropertyReview(theReview)presentspropertyinformationanddatacompiledbytheRatingandValuationDepartmentattheendofeachyear.Informationoncompletions,take-up,vacancy,pricesandrentsisreportedintextandtables.TheReviewalsoshowsforecastcompletionfiguresbasedoninformationobtainedfromdevelopersandprojectarchitects,supportedbydevelopmentprogressinspectionsandenquiriesattheyearend.TheseforecastfiguresareonacalendaryearbasisandmaybedifferentfromthosecompiledonafinancialyearbasisinotherGovernmentpublications.Itshouldbeborneinmindthatmanyfactorsaffecttheprogressofdevelopments,andchangesintheensuingyearareinevitable.Revisionsofforecastcompletionfiguresareonlytobeexpectedinsubsequentreviews.Thedegreeofrevisiondependsprincipallyonmarketconditions.Incompilingstatisticsonvacancy,asurveyisconductedattheyearendtoobtainvacancydatafromthemanagementofficesorbyinspection.Theassistancegivenbythebuildingmanagementcompanies/personnelinprovidingvacancyinformationisgratefullyacknowledged.Withregardtorentsandprices,readersshouldnotethatthefiguresforthelastfewmonthsoftheyearunderreviewareprovisional,pendingreceiptoffurtherdataforanalysis.UpdatedfigurescanbeobtainedfreeofchargefromtheDepartment’swebsiteat.hkorbyusingthefax-on-demandfacilityofthe24-hourautomatedtelephonehotlineat21522152.香港物業(yè)報(bào)告Hong香港物業(yè)報(bào)告HongKongPropertyReview_L——_L——本報(bào)告涵蓋私人樓宇類別，不包括政府、香港房屋委員會(huì)及香港房屋協(xié)會(huì)所擁有的住宅及非住宅發(fā)展項(xiàng)目的統(tǒng)計(jì)數(shù)字。本報(bào)告所用詞彙的定義、物業(yè)類別及各項(xiàng)數(shù)字的計(jì)算方法，可參閱64至75頁(yè)的「技術(shù)附註」。如有查詢，可聯(lián)絡(luò)本署技術(shù)秘書(shū)（物業(yè)資料）：九龍長(zhǎng)沙灣道303號(hào)長(zhǎng)沙灣政府合署15樓電話:21508807圖文傳真:21520138電郵地址:ts_info@.hk網(wǎng)址:.hkTheReviewisconfinedtotheprivatepropertysectoranddoesnotcoverstatisticsonpublicsectordevelopments,bothdomesticandnon-domestic,ownedbytheGovernment,HongKongHousingAuthorityandHongKongHousingSociety.DefinitionsofthetermsusedintheReview,propertytypes,anddetailsofhowthevariousfigureshavebeenarrivedatcanbefoundintheTechnicalNotesonpages64to75.AnyenquiriesshouldbedirectedtotheDepartment’sTechnicalSecretary(Information)at:Address:15thFloor,CheungShaWanGovernmentOffices,303CheungShaWanRoad,Kowloon,HongKong,ChinaTelephone:21508807Facsimile:21520138E-Mail:ts_info@.hkWebsite:.hk香港物業(yè)報(bào)告Hong香港物業(yè)報(bào)告HongKongPropertyReview香港物業(yè)報(bào)告HongKongPropertyReview各界人士均可轉(zhuǎn)載本報(bào)告的內(nèi)容，但在轉(zhuǎn)載時(shí)須註明資料是來(lái)自香港特別行政區(qū)政府差餉物業(yè)估價(jià)署。香港特別行政區(qū)政府差餉物業(yè)估價(jià)署已盡力確保本報(bào)告內(nèi)容為最新及準(zhǔn)確無(wú)誤。對(duì)於本報(bào)告內(nèi)容上的任何誤差或遺漏，或因使用本報(bào)告的任何資料，或根據(jù)此等資料所作的任何意見(jiàn)而可能直接或間接引致的任何損失、行動(dòng)或不行動(dòng)，香港特別行政區(qū)政府概不負(fù)責(zé)。ThereisnoobjectiontothereproductionofthisReviewprovidedthatthesourceofthedataisacknowledgedasbeingtheRatingandValuationDepartmentoftheGovernmentoftheHongKongSpecialAdministrativeRegion.EveryefforthasbeenmadebytheRatingandValuationDepartmentoftheGovernmentoftheHongKongSpecialAdministrativeRegiontoensuretheupdateandtheaccuracyofthecontentsoftheReview.TheGovernmentoftheHongKongSpecialAdministrativeRegiondoesnotacceptresponsibilityforanyerrorsoromissionsintheReview,orforanyloss,actionorinaction,whetherdirectlyorindirectly,arisingfromtheuseof,orforadvicebasedon,anyinformationtherein.綜觀OVERVIEW_L——_L——項(xiàng)支持香港政策，加上特區(qū)政府推行多項(xiàng)提振經(jīng)濟(jì)措施，香港經(jīng)濟(jì)因而受惠並溫和增長(zhǎng)。年則維持在3.1%的低水平。然而，在外圍經(jīng)濟(jì)前景不明朗、地緣政治緊張局勢(shì)加劇和資金流動(dòng)性收緊，以致市場(chǎng)氣氛審慎下，香港物業(yè)市場(chǎng)面對(duì)多項(xiàng)挑戰(zhàn)，資產(chǎn)價(jià)格受壓。的售價(jià)均告下跌。非住宅物業(yè)市場(chǎng)的交投量亦見(jiàn)萎縮。至於住宅物業(yè)市場(chǎng)，由於發(fā)展商採(cǎi)取了具競(jìng)爭(zhēng)力的定價(jià)策略，以刺激一手市場(chǎng)買賣，住宅樓宇買賣宗數(shù)因而增加。受惠於人才流入、學(xué)生住屋需求，以及「轉(zhuǎn)買為租」的趨勢(shì)，年內(nèi)住宅租賃市場(chǎng)表現(xiàn)向好。然而，在2024年年底各類非住宅物業(yè)的租金均錄得按年跌幅。況，並將繼續(xù)做好規(guī)劃和造地工作，有物業(yè)和非住宅物業(yè)的按揭成數(shù)上限和供款與入的物業(yè)價(jià)值上限由300萬(wàn)元提高至400萬(wàn)元。這市場(chǎng)增添活力。In2024,HongKong’seconomygrewmodestlyasitbenefittedfromourcountry’sstableeconomywithsteadyprogressandtheCentralGovernment’svariousmeasuressupportingHongKong,aswellastheGovernment’smanyinitiativestobolsterthelocaleconomy.TherealGrossDomesticProductgrewby2.5%andthelocalunemploymentratestayedlowat3.1%intheyear.Yet,HongKong’spropertymarketfacedchallenges,andassetpriceswereconstrainedamidcautioussentimentsduetotheuncertainexternaleconomicoutlook,heightenedgeopoliticaltensionsandtightfinancialliquidity.Theoverallsalesmarketperformedpoorlyin2024withpricesfallingacrossallpropertysegments.Tradingvolumeshrankforthenon-residentialmarket,butthenumberofdomesticsalestransactionsincreasedduetothecompetitivepricingstrategiesadoptedbydeveloperstoboostprimarysales.Whilethedomesticrentalmarketwasupbeatduringtheyearbuoyedbytheinfluxoftalents,demandforhousingforstudentsaswellasashiftingtrendfromhomepurchasetoleasing,rentsofallsegmentsofnon-residentialpropertiesregisteredyear-on-yeardeclinesbyendof2024.Topromoteahealthyandsteadydevelopmentofthepropertymarket,theGovernmenthasbeencloselymonitoringthemarketsituation,andwillcontinuewiththeworkonplanningandlandcreation,androlloutdevelopablesitesinapacedandorderlymanner.Thecancellationofalldemand-sidemanagementmeasuresonresidentialpropertiesasannouncedinthe2024-25Budgetinjectedimpetustothedomesticmarket,whereastherelaxationofstandardisedloan-to-valueanddebt-servicingratiolimitsto70%and50%respectivelyforresidentialandnon-residentialpropertiesasannouncedinthe2024PolicyAddressandtheannouncementinlateFebruary2025toraisethepropertyvaluethresholdtoqualifyforanominalstampdutyofs100froms3milliontos4millionhavefurthereasedthefinancialburdenonpropertybuyersandenergisedthemarket.香港物業(yè)報(bào)告Hong香港物業(yè)報(bào)告HongKongPropertyReview綜觀Overview展望未來(lái)，隨著國(guó)家推進(jìn)新質(zhì)生產(chǎn)力的發(fā)展，加強(qiáng)科技創(chuàng)新以維持經(jīng)濟(jì)增長(zhǎng)，加上特區(qū)政府積極擴(kuò)大經(jīng)濟(jì)容量、提升競(jìng)爭(zhēng)力和發(fā)展策略性增長(zhǎng)領(lǐng)域，儘管外圍環(huán)境複雜不穩(wěn)，但預(yù)計(jì)香港物業(yè)市場(chǎng)仍可保持強(qiáng)韌，並期望可受惠於這些利好發(fā)展。住宅物業(yè)所有需求管理措施在2024年第一季撤銷，使住宅銷售市場(chǎng)在第二季得到短暫的喘息。然而，在外圍經(jīng)濟(jì)前景不明朗和資金流動(dòng)性收緊的情及後於年內(nèi)重拾跌勢(shì)。由於連續(xù)多次減息，加上按揭成數(shù)上限和供款與入息比率上限有所調(diào)整，銷售市場(chǎng)在最後一季回穩(wěn)。最終，住宅售投量在2024年上升至總數(shù)53099宗，較前一年抑多時(shí)的需求下，採(cǎi)取了具競(jìng)爭(zhēng)力的定價(jià)策略，以刺激一手市場(chǎng)買賣。Lookingahead,asourcountryispursuingthedevelopmentofnewqualityproductivityandstrengtheningtechnologicalinnovationtosustaineconomicgrowth,coupledwiththeGovernment’sproactiveeffortsinexpandingeconomiccapacity,enhancingcompetitivenessanddevelopingstrategicgrowthareas,HongKong’spropertymarketisexpectedtobenefitfromthesepositivedevelopmentsandremainresilientdespitetheheadwindsfromthecomplicatedandunstableexternalenvironment.ResidentialThecancellationofalldemand-sidemanagementmeasuresinthefirstquarterof2024providedthedomesticsalesmarketabriefrespiteinthesecondquarter.Pricesthereafterresumedtheirdownwardtrendduringtheyear,draggeddownbycautioussentimentsduetouncertainexternaleconomicoutlookandtightfinancialliquidity.Thesalesmarketwasstabilisedinthelastquarterfollowinganumberofsuccessiveinterestratecutstogetherwiththeadjustmentstothemaximumloan-to-valueratioandthedebtservicingratiolimit.Intheend,domesticpricesfellforthepastthreeconsecutiveyears,witha7.2%year-on-yeardecreasebyDecember2024.Tradingvolumeintheprimaryandsecondarysalesmarkets,ontheotherhand,surgedtoatotalof53099transactionsin2024,oranincreaseof23%fromtheprecedingyear’sfigure.Thiswasmainlyattributedtothedevelopers’competitivepricingstrategiestoboostprimarysalesagainstabackdropofpent-updemandfrombuyers.香港物業(yè)報(bào)告Hong香港物業(yè)報(bào)告HongKongPropertyReview_L——_L——香港物業(yè)報(bào)告HongKongPropertyReview租賃市場(chǎng)的表現(xiàn)勝過(guò)銷售市場(chǎng)。受惠於政府各項(xiàng)人才入境計(jì)劃引入不少人才來(lái)港、學(xué)生住屋住宅物業(yè)在年底的市場(chǎng)回報(bào)率均告上升，介乎2.3%至3.5%之間。2024年私人住宅單位落成量急增至24261個(gè)75%。單位入住量為17305個(gè)，較2023年高57900個(gè)單位。2025和2026年的預(yù)測(cè)落成量分別為20862個(gè)和20098個(gè)單位。寫(xiě)字樓外圍環(huán)境不明朗、地緣政治緊張局勢(shì)加劇和工作模式的轉(zhuǎn)變而導(dǎo)致本港寫(xiě)字樓需求疲弱，加上過(guò)去數(shù)年寫(xiě)字樓已有大量供應(yīng)，市場(chǎng)因而持續(xù)受壓。儘管連續(xù)多次減息，市場(chǎng)氣氛仍進(jìn)一步受利率相對(duì)偏高的環(huán)境影響。以2023年第四季與2024年第四季相比，整體寫(xiě)字樓售價(jià)下跌22.6%，當(dāng)中甲級(jí)、乙級(jí)和丙級(jí)寫(xiě)字樓售價(jià)分別樓租金分別錄得4.8%、5.2%和5.3%的跌幅。Therentalmarketoutperformedthesalesmarket.BuoyedbytheinfluxoftalentsarisingfromvarioustalentadmissionschemesimplementedbytheGovernment,demandforhousingforstudents,aswellasashiftingtrendfromhomepurchasetoleasing,domesticrentsrecordedayear-on-yeargrowthof3.3%byDecember2024.Theyear-endmarketyieldsforallclassesofdomesticpropertiesrosetotherangefrom2.3%to3.5%.Completionsofprivatedomesticunitsin2024soaredto24261units,madeupmostlyofsmall/mediumunitsand75%morethanthosein2023.Take-up,at17305units,was10%higherthanthatof2023.Vacancyattheyear-endwas4.5%ofthetotalstock,equivalentto57900units.Forecastcompletionsin2025and2026are20862unitsand20098unitsrespectively.OfficeTheweaklocaldemandforofficesduetoanuncertainexternalenvironment,heightenedgeopoliticaltensionsandchangingworkpatterns,togetherwithanamplesupplyofofficespaceinthepastfewyearsputtheofficemarketundercontinuedpressure.Themarketsentimentwasfurtherdampenedbytherelativelyhighinterestrateenvironmentdespiteanumberofsuccessiveinterestratecuts.Overallofficepricesdroppedby22.6%betweenthefourthquartersof2023and2024,withGradeA,BandCofficepricesfallingby24.5%,19.5%and19.7%respectively.Overallofficerentsdeclinedby5.0%duringthecorrespondingperiod,withGradeA,BandCofficerentsrecordingdecreasesof4.8%,5.2%and5.3%respectively.綜觀Overview香港物業(yè)報(bào)告HongKongPropertyReview2024年的落成量輕微下跌至147300平方米，中62000平方米來(lái)自中西區(qū)。2024年並無(wú)乙級(jí)寫(xiě)字樓落成，而丙級(jí)寫(xiě)字樓僅有約1000平方米的少量落成量。年內(nèi)，整體使用量為負(fù)數(shù)58600平方米，當(dāng)中甲級(jí)、乙級(jí)和丙級(jí)寫(xiě)字樓分別佔(zhàn)3700平方米、25800平方米和29100平方米。年底整體空置率上升至總存量的16.3%，相當(dāng)於2165700平方米。甲級(jí)、乙級(jí)和丙級(jí)寫(xiě)字樓的空置率分別為17.4%、15.6%和11.0%，而所有不等。2025年的預(yù)測(cè)落成量將大幅增加至308500平方米，但到2026年將下跌至116200平方米。在2025年,甲級(jí)寫(xiě)字樓落成量將為288600平方米，其中油尖旺佔(zhàn)62%。在2026年，灣仔量，相當(dāng)於102600平方米。2025和2026年2025年將有300平方米的落成量，但2026年則沒(méi)有。Completionsin2024decreasedslightlyto147300m2.GradeAcompletionswereequivalentto146300m2,ofwhich62000m2werefromtheCentralandWesterndistrict.TherewerenoGradeBcompletionsin2024andonlyaninsignificantamountofGradeCcompletionsofabout1000m2.Theoveralltake-upwasnegativeat58600m2intheyear,comprising3700m2,25800m2and29100m2forGradeA,GradeBandGradeCofficesrespectively.Theoverallyear-endvacancyroseto16.3%ofthetotalstock,amountingto2165700m2.ThevacancyratesofGradeA,GradeBandGradeCofficeswere17.4%,15.6%and11.0%respectively,whereasthosefortheGradeAofficesinallsub-districtsrangedfrom11.5%to17.7%.Forecastcompletionsin2025willsurgeto308500m2,butplummetto116200m2in2026.In2025,GradeAcompletionswillbe288600m2,withYauTsimMongcontributing62%ofthetotal.In2026,WanChaiandtheCentralandWesterndistrictwillaltogetherprovidetheentireGradeAcompletionsof102600m2.GradeBforecastcompletionswillbe19600m2in2025and13600m2in2026.ForGradeCoffices,therewillbe300m2ofcompletionsin2025butnonein2026._L——_L——香港物業(yè)報(bào)告HongKongPropertyReview商業(yè)樓宇2024年商業(yè)樓宇的落成量減少至6990%。年內(nèi)使用量錄得負(fù)數(shù)123600平方米。1399800平方米。預(yù)計(jì)2025年的落成量將回成量的54%。在2026年灣仔，相當(dāng)於總落成量62000平方米的27%。零售業(yè)樓宇隨著內(nèi)地恢復(fù)並擴(kuò)展特定居民赴港「一簽多行」個(gè)人遊簽注安排，以及政府大力支持眾多盛事續(xù)復(fù)蘇。然而，旅客和市民的消費(fèi)模式在過(guò)去一年有所轉(zhuǎn)變，對(duì)零售業(yè)樓宇市場(chǎng)造成負(fù)面影響。2024年第四季零售業(yè)樓宇的售價(jià)與2023年6.5%。市場(chǎng)回報(bào)率由前一年的2.8%進(jìn)一步上升至2024年年底的3.1%。CommercialCompletionsofcommercialpremisesin2024declinedto69100m2,withKowloonandHongKongIslandaltogetheraccountingfor90%ofthetotalcompletions.Anegativetake-upof123600m2wasrecordedintheyear.Year-endvacancyratewas11.8%ofthetotalstock,amountingto1399800m2.Completionsareanticipatedtoreboundto108700m2in2025,withYauTsimMongcontributing54%oftheanticipatedcompletions.In2026,completionswillmainlycomefromWanChai,equivalentto27%ofthe62000m2totalcompletions.RetailTheconsumersentimentimprovedandinboundtourismcontinuedtorevivein2024followingtheresumptionandexpansionofmultiple-entryIndividualVisitEndorsementsforselectedresidentsintheMainlandandmanymegaeventschampionedbytheGovernment.Nonetheless,thechangingconsumptionpatternofvisitorsandresidentsovertheyearadverselyaffectedtheretailpropertymarket.Pricesofretailpremisesdecreasedby18.2%betweenthefourthquartersof2023and2024,whilerentsfellby6.5%overthesameperiod.Themarketyieldatendof2024grewfurtherto3.1%fromtheprecedingyear’s2.8%.綜觀Overview香港物業(yè)報(bào)告HongKongPropertyReview工業(yè)樓宇地緣政治局勢(shì)緊張，加上貿(mào)易保護(hù)主義升溫，干擾環(huán)球貿(mào)易和投資走向。工業(yè)樓宇市場(chǎng)前景業(yè)樓宇市場(chǎng)持續(xù)淡靜，分層工廠大廈交投量較2023年縮減13%。2024年分層工廠大廈的落成量銳減至229007.0%，相當(dāng)於1130300平方米。使用量仍為負(fù)數(shù)，達(dá)212100平方米。預(yù)計(jì)2025和2026年的落成量將分別增至50300平方米和77000平方米。上升至2024年年底的3.6%。在總存量的11.9%，相當(dāng)於58800預(yù)計(jì)未來(lái)兩年均不會(huì)有新落成量。的7.2%，相當(dāng)於263800平方米。預(yù)計(jì)2025和2026年均不會(huì)有新貨倉(cāng)落成。IndustrialMarketsentimentsoftheindustrialmarketwereunderminedamiduncertaintiesduetodisruptedglobaltradeandinvestmentflowsarisingfromgeopoliticaltensionsandescalatingtradeprotectionism.Theindustrialmarketremainedstagnantin2024withtradingvolumeforflattedfactoriesshrinkingby13%from2023.Completionsofflattedfactoriesin2024plungedto22900m2.Vacancyattheyear-endrosefurtherto7.0%oftotalstockat1130300m2.Take-upremainednegativeat212100m2.Completionsareanticipatedtoincreaseto50300m2and77000m2in2025and2026respectively.Pricesofflattedfactoriesfellby16.2%whilstrentsrecordedamodestdeclineof2.8%betweenthefourthquartersin2023and2024,resultinginamarketyieldof3.6%attheendof2024,upfrom3.1%in2023.Therewerenoindustrial/officecompletionsin2024.Apositivetake-upof3400m2wasrecordedandtheyear-endvacancyratestayedsteadyat11.9%ofthestock,amountingto58800m2.Nonewcompletionsareexpectedinthenexttwoyears.Nostoragespaceswerecompletedin2024.Negativetake-upof57500m2wasrecordedandtheyear-endvacancyratewas7.2%ofthetotalstockat263800m2.Nonewstoragecompletionsareanticipatedin2025and2026.私人住宅PRIVATEDOMESTIC_L——私人住宅（整體）Private_L——這類別包括設(shè)有專用煮食設(shè)施、浴室和廁所的獨(dú)立居住單位，但不包括村屋、解放軍轄下的宿舍、公用事業(yè)機(jī)構(gòu)物業(yè)附設(shè)的宿舍、私營(yíng)機(jī)構(gòu)宿舍（包括教育院校的學(xué)生宿舍）、醫(yī)院管理的整體總存量為1291956個(gè)單位。圖表顯示按樓齡劃分的總存量。Thissectorcomprisesindependentdomesticunitswithexclusivecookingfacilities,bathroomandtoilet,butdoesnotincludevillagehouses,quartersheldbythePeople’sLiberationArmy,quartersattachedtopremisesofutilitycompanies,dormitories(includingstudentdormitoriesineducationalinstitutes),quartersheldbytheHospitalAuthority,hotelsandhostels.Attheendof2024,theoverallstockwas1291956units.Thechartshowsthestockdistributionbyage.按樓齡分類的總存量StockDistributionbyAge2000-09(14.7%)48%和45%，其餘7%來(lái)自港島。九龍城供應(yīng)的各佔(zhàn)17%。Completionsin2024soaredby75%overthepreviousyearto24261units.TheNewTerritoriesandKowlooncontributed48%and45%ofthecompletionsrespectively,whiletheremainder7%werefromHongKongIsland.ThelargestshareofthesecompletedunitscamefromKowloonCityat33%,followedbyYuenLongandTuenMunat17%each.香港物業(yè)報(bào)告Hong香港物業(yè)報(bào)告HongKongPropertyReview私人住宅（整體）PrivateDomestic（Overall）2024年的入住量增至17305個(gè)單位。年底空置量為57900個(gè)單位，相當(dāng)於總存量的4.5%。空未獲發(fā)滿意紙或轉(zhuǎn)讓同意書(shū)。Take-upin2024increasedto17305units.Vacancyattheyear-endwas57900units,equivalentto4.5%ofthetotalstock.Amongthesevacantunits,14256unitswerenotyetissuedwithCertificateofComplianceorConsenttoAssignafterobtainingtheOccupationPermit.2025和2026年的預(yù)測(cè)落成量分別為20862個(gè)和20098個(gè)單位。在2025年，新落成量將主要集屯門和西貢，各佔(zhàn)10%。在2026年，單是新界提供27%的落成量，另有16%將來(lái)自大埔。Forecastcompletionsin2025and2026are20862unitsand20098unitsrespectively.In2025,newcompletionswillmainlybeconcentratedinKowloonandtheNewTerritories,altogetheraccountingfor85%ofthetotalcompletions.Ondistrictbasis,KowloonCitywillaccountfor26%ofthenewunits,followedbyTuenMunandSaiKungat10%each.In2026,theNewTerritoriesalonewillcontribute69%oftheanticipatedcompletions.District-wise,SaiKungwillprovide27%ofthecompletionswhileTaiPowillprovideanother16%.香港物業(yè)報(bào)告Hong香港物業(yè)報(bào)告HongKongPropertyReview_L——私人住宅（整體）PrivateDomestic（Overall）_L——所有需求管理措施在2024年第一季撤銷，使住宅銷售市場(chǎng)在第二季得到短暫的喘息。然而，在外圍經(jīng)濟(jì)前景不明朗和資金流動(dòng)性收緊的情況下，市場(chǎng)氣氛審慎，住宅售價(jià)及後重拾跌勢(shì)。由於連續(xù)多次減息，加上按揭成數(shù)上限和供款與入息比率上限有所調(diào)整，銷售市場(chǎng)在2024年2024年最後一季相比，下跌8.2%。相反，受惠於不少人才流入，加上學(xué)生住屋需求和「轉(zhuǎn)買為租」的趨勢(shì)，租賃市場(chǎng)的表現(xiàn)勝過(guò)銷售市場(chǎng)，Thecancellationofalldemand-sidemanagementmeasuresinthefirstquarterof2024providedthedomesticsalesmarketabriefrespiteinthesecondquarter.Pricesthereafterresumedtheirdownwardtrendamidcautioussentimentsduetouncertainexternaleconomicoutlookandtightfinancialliquidity.Thesalesmarketwasstabilisedinthelastquarterof2024followinganumberofsuccessiveinterestratecutstogetherwiththeadjustmentstothemaximumloan-to-valueratioandthedebtservicingratiolimit.Intheend,domesticpricesdeclinedby8.2%betweenthelastquartersof2023and2024.Incontrast,buoyedbytheinfluxoftalents,demandforhousingforstudentsandashiftingtrendfromhomepurchasetoleasing,therentalmarketoutperformedthesalesmarket,withrentsregisteringanincreaseof3.5%inthelastquarteroverthecorrespondingquarterayearearlier.售價(jià)及租金指數(shù)PriceandRentalIndices400201920202021202220232024香港物業(yè)報(bào)告HongKongPropertyReview私人住宅（整體）PrivateDomestic（Overall）香港物業(yè)報(bào)告Hong香港物業(yè)報(bào)告HongKongPropertyReview落成量、入住量及空置量Completions,Take-upandVacancy0ForecastCompletions20202021202220232024202520262020202120222023202420252026Completions入住量Take-up空置量Vacancy%+20098#*+Forecastcompletionsfrom2025onwardsincludesubsidisedsaleflatstobecompletedundertheStarterHomesforHongKongResidents(SH)projects.#Forecastfigures#ForecastfiguresVacancyattheendoftheyearasapercentageofstock.香港物業(yè)報(bào)告HongKongPropertyReview這分類包括實(shí)用面積為100平方米以下的單位。2024年年底的總存量為1192009個(gè)單位，佔(zhàn)齡劃分的總存量。Thissub-sectorcomprisesunitswithasaleableareaoflessthan100m2.Stockattheendof2024was1192009unitswhichaccountedfor92%ofthetotalprivatedomesticstock.Thechartshowsthestockdistributionofthissub-sectorbyage.按樓齡分類的總存量StockDistributionbyAge2000-09(14.5%)2024年有22783個(gè)單位落成，其中49%位於新界，44%位於九龍，7%位於港島。落成量主47%，而C類單位則僅佔(zhàn)6%。Therewere22783unitscompletedin2024,with49%locatedintheNewTerritories,44%inKowloonand7%onHongKongIsland.CompletionsmainlycamefromKowloonCity,contributing31%ofthetotalcompletionsinthissub-sector.Intermsofflatsize,ClassAandClassBunitseachaccountedfor47%ofthenewcompletions,whiletheshareforClassCunitswasonly6%. 私人住宅（中/小型單位）PrivateDomestic（Small香港物業(yè)報(bào)告HongKongPropertyReview2024年的入住量下跌至13953個(gè)單位。年底空的4.2%。Take-upin2024droppedto13953units.Theyear-endvacancyroseto49941units,equivalentto4.2%ofthestockinthissub-sector.預(yù)計(jì)2025和2026年將分別有20010個(gè)和19629個(gè)單位落成。在2025年，九龍及新界將和西貢，各佔(zhàn)10%。在2026年，單是新界便提佔(zhàn)總預(yù)測(cè)落成量的28%。Completionsin2025and2026areestimatedtobe20010unitsand19629unitsrespectively.In2025,KowloonandtheNewTerritorieswillcontribute46%and40%ofthecompletionsrespectively.Ondistrictbasis,majorcompletionswillbelocatedinKowloonCityat26%,followedbyTuenMunandSaiKungat10%each.In2026,theNewTerritoriesalonewillprovide70%ofthenewcompletions,amongwhich,SaiKungwillcontributethemostat28%ofthetotalforecastcompletions.與整體市場(chǎng)走勢(shì)相若，這分類的住宅售價(jià)除在金較2023年同季上升3.5%。Inlinewiththeoveralltrend,domesticpricesinthissub-sectordeclinedthroughout2024exceptforabriefpauseinthesecondquarter.Pricesinthefourthquarterdecreasedby8.2%fromthatoftheprecedingyear.Meanwhile,rentsgrewby3.5%inthefourthquarteroverthecorrespondingquarterin2023.售價(jià)及租金指數(shù)PriceandRentalIndices400一———-—300——售價(jià)Price200——————————————————租金Rentali201920202021202220232024香港物業(yè)報(bào)告Hong香港物業(yè)報(bào)告HongKongPropertyReview 私人住宅（中/小型單位）PrivateDomestic（Small香港物業(yè)報(bào)告HongKongPropertyReview落成量、入住量及空置量Completions,Take-upandVacancy400000ForecastCompletions20202021202220232024202520262020202120222023202420252026Completions入住量Take-up空置量Vacancy%+452604286047081422794994120010#*+Forecastcompletionsfrom2025onwardsincludesubsidisedsaleflatstobecompletedundertheStarterHomesforHongKongResidents(SH)projects.#Forecastfigures#ForecastfiguresVacancyattheendoftheyearasapercentageofstock.私人住宅（大型單位）PrivateDom香港物業(yè)報(bào)告HongKongPropertyReview單位。2024年年底的總存量為99947個(gè)單位，佔(zhàn)私人住宅總存量的8%。圖表顯示這分類按樓齡劃分的總存量。Thissub-sectorcomprisesunitswithasaleableareaof100m2orabove.Stockattheendof2024was99947units,representing8%ofthetotalprivatedomesticstock.Thestockdistributionbyageforthissub-sectorisshowninthechart.按樓齡分類的總存量StockDistributionbyAge2000-09(1