American Confidence Index fell by 1% on a weekly basis, while the American Building Price Index has risen for two consecutive weeks.

The latest Confidence Index of Midland Realty is 60.9 points, a week-on-week decrease of about 1%. Midland Realty's Chief Analyst, Liu Jiahui, pointed out that Hong Kong banks once again unexpectedly reduced interest rates by 0.25%, but there are concerns in the market that the pace of interest rate cuts in the United States may slow down more than expected. Some property owners are eager to sell at reduced prices, leading to a decrease in the confidence index. Nevertheless, the index remains stable above the 60-point level. According to the discount rate ratio reflected on Midland Realty's website, among the 3 districts in Hong Kong, the New Territories have the highest discount rate ratio; when divided by district, the top three areas with the highest discount rate ratios are Tsuen Wan, Tin Shui Wai, and Kowloon Bay. In terms of unit size, the units with the highest discount rate ratio are B-class units with a usable area ranging from about 431 to about 752 square feet; followed by C-class units with a usable area of about 753 to about 1075 square feet; and then A-class units with a usable area of about 430 square feet or less. As for property prices, Midland's property price index is currently 128.21 points, a week-on-week increase of 0.41%, marking a two-week increase. Compared to four weeks ago, property prices have increased by 0.73%, and the year-to-date decline in property prices has narrowed to 6.8%. When divided by district, individual developments in the 3 districts have shown improvement last week, with Kowloon showing the best performance. Midland's property price index for Kowloon is currently 132.54 points, a week-on-week increase of 0.91%; an increase of 1.32% compared to four weeks ago, and a year-to-date decline of 5.02%. In the New Territories, the property price index has also shown a week-on-week increase, with Midland's property price index for the New Territories currently at 117.64 points, a 0.26% increase; however, there is still a 0.18% decrease compared to four weeks ago, and a year-to-date decline of 7.36%. The property price index for Hong Kong Island is currently 134.5 points, a week-on-week decrease of 0.4%; but still showing a 1.99% increase compared to four weeks ago, and a cumulative decline of 9.37% so far this year.