The Midland Confidence Index remained flat week-on-week, while the Midland Property Price Index fell by 0.3% week-on-week

Zhitong
2025.02.03 08:03

The confidence index of Midland Realty is reported at 63.7 points, unchanged week-on-week, with little change in discounted listings due to the influence of the Lunar New Year. The Midland Property Price Index is reported at 128.32 points, down 0.3% week-on-week. Property prices in all districts have declined, with Hong Kong Island, Kowloon, and the New Territories dropping by 0.13%, 0.15%, and 0.5% respectively. Year-to-date, property prices in Hong Kong Island and the New Territories have decreased by 0.24% and 0.41% respectively, while Kowloon has increased by 0.98%

According to Midland Realty, the latest "Midland Confidence Index" is reported at 63.7 points, unchanged from the previous week. Due to the influence of the Lunar New Year holiday effect, there has been little change in the number of discounted listings, and the confidence index remains stable week-on-week; it is believed that after the Lunar New Year holiday, the trend of the confidence index will become clearer.

Midland Realty's Chief Analyst, Liu Jiahui, pointed out that according to the discount listing ratio reflected on the Midland Realty website, among the three districts in Hong Kong, the New Territories has the highest discount listing ratio; if divided into smaller areas, the three areas with the highest discount listing ratios are Tsuen Wan, Kowloon Bay, and Cheung Sha Wan/Sham Shui Po.

When categorized by unit area, the highest discount listing ratio is for Class A units with a usable area of approximately 430 square feet or less; followed by Class B units with a usable area of approximately 431 to about 752 square feet; and then Class E units with a usable area of approximately 1,722 square feet or more.

In terms of property prices, the latest "Midland Property Price Index" is reported at 128.32 points, down 0.3% week-on-week; compared to four weeks ago, the property price index has decreased by 0.23%; however, it has slightly increased by about 0.15% year-to-date.

When divided into three districts, property prices in all three districts have declined week-on-week. The latest "Midland Hong Kong Island Property Price Index" is reported at 135.59 points, down 0.13% week-on-week; the latest "Midland Kowloon Property Price Index" is reported at 132.32 points, down 0.15% week-on-week; and the latest "Midland New Territories Property Price Index" is reported at 117.70 points, down 0.5% week-on-week.

Compared to four weeks ago, property prices in the three districts have shown mixed developments, with Hong Kong Island and Kowloon declining by 1.09% and 0.38% respectively, while the New Territories has increased by about 0.2%; regarding year-to-date property price changes, Hong Kong Island and the New Territories have decreased by 0.24% and 0.41% respectively; conversely, Kowloon has increased by 0.98%

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