The Conference Board's Consumer Confidence Index rises in the weekly comparison, with the latest report standing at 54.5 points.

The latest USRI Confidence Index is 54.5 points, up 1.5% from last week. Lawrence Poon, Chief Analyst of USRI Properties, pointed out that the confidence index has rebounded on a weekly basis, but still hovers between 52 and 55 points, maintaining a narrow fluctuation. As for the unexpected 0.25% interest rate cut by Hong Kong banks, the impact will be reflected in the confidence index to be released later. According to the discount ratio reflected on the USRI Properties website, among the 3 districts in Hong Kong, the New Territories have the highest discount ratio. When divided by district, the top three districts with the highest discount ratio have remained unchanged for two consecutive weeks, namely Tsuen Wan, Tin Shui Wai, and Hung Shui Kiu. When divided by unit area, the units with the highest discount ratio are Class B units with a usable area ranging from about 431 to about 752 square feet; followed by Class A units with a usable area of about 430 square feet or less, and then Class C units with a usable area ranging from about 753 to about 1075 square feet. In terms of property prices, the latest USRI Property Price Index is 127.84 points, with a slight increase of 0.02% from last week, showing stability after 13 consecutive weeks of decline. However, the index is still down by 1.93% compared to four weeks ago, with a cumulative decrease of 7.07% so far this year. As for the impact of last week's interest rate cut on Hong Kong property prices, it is believed that it will gradually be reflected in the property price index to be released in mid-next month. When divided by the 3 districts, the property prices in each district show different trends. The USRI Kowloon property price index is 131.99 points, up 0.33% from last week; the USRI Hong Kong Island property price index is 133.96 points, with a slight decline of 0.04% from last week; and the USRI New Territories property price index is 117.48 points, down 0.2% from last week. As for the property price changes so far this year, all 3 districts have experienced declines, with Hong Kong Island down by 9.73%, Kowloon down by 5.42%, and the New Territories down by 7.49%.