According to the latest report from Midland Realty, the Midland Property Price Index is currently at 127.69 points, reflecting a weekly increase of 0.34%. The index initially reflects the market conditions following the release of the Hong Kong government's policy address. Compared to four weeks ago, the property price index has also recorded an increase of 0.36%, while property prices have dropped by 7.18% year-to-date. Additionally, the Midland Confidence Index is currently at 61.5 points, reflecting a weekly decline of approximately 2.2%. Midland Realty's Chief Analyst, Liu Jiahui, pointed out that the decline in the confidence index mainly reflects market caution ahead of the Federal Reserve's interest rate decision and the U.S. presidential election; the impact of Hong Kong banks exceeding market expectations by cutting interest rates by 0.25% will be reflected in the confidence index to be announced later.
When divided into three districts, property prices in all three districts have risen weekly. The &#34;Midland Hong Kong Island Property Price Index&#34; is currently at 135.04 points, up 1.58% weekly; the &#34;Midland Kowloon Property Price Index&#34; is currently at 131.34 points, up 0.21% weekly; and the &#34;Midland New Territories Property Price Index&#34; is currently at 117.34 points, also slightly up 0.03% weekly.
Compared to four weeks ago, the property price trends in the three districts show mixed developments. Property prices in Hong Kong Island have increased by 2.07% compared to four weeks ago, Kowloon has risen by 0.93%, while New Territories has decreased by 0.67%. As for the year-to-date changes in property prices, all three districts have seen declines, with Hong Kong Island down 9% year-to-date, Kowloon down 5.88%, and New Territories down 7.6%

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MIDLAND PROPERTY analyst Liu Jiahui stated that the Hong Kong property market has shown slight signs of recovery, with the latest property price index reported at 127.69 points, a weekly increase of 0.34%. The confidence index has fallen to 61.5 points, mainly reflecting the market's wait-and-see sentiment ahead of the Federal Reserve's interest rate decision and the U.S. presidential election. Hong Kong banks unexpectedly cut interest rates by 0.25%, which is expected to boost investor confidence. Property price trends vary across different districts, with the Island District experiencing the largest decline this year, reaching 9%

- The latest property price index from Midland reports 127.69 points, reflecting a weekly increase of 0.34% following the Hong Kong government's policy address.  
- Compared to four weeks ago, the index rose by 0.36%, but year-to-date prices have decreased by 7.18%.  
- The confidence index fell to 61.5 points, indicating market caution ahead of the Federal Reserve's meeting and the U.S. presidential election, while property prices in three districts showed mixed trends over the past month.

Zhitong

MIDLAND HOLDING

Midland Realty: The Hong Kong property market shows slight signs of recovery, and the Hong Kong banks' unexpected interest rate cuts will boost investor confidence