: The American Confidence Index increased by 1.6% on a weekly basis, while the American House Price Index fell slightly by 0.05% on a weekly basis.

The latest "Midland Confidence Index" reported 64.3 points, an increase of 1.6% compared to the previous week. With interest rates significantly falling, it helps reduce property expenses, coupled with a cooling of the trade war, all of which are positive for the Hong Kong property market. With a decrease in discounted properties, confidence index has risen. Midland Realty's Chief Analyst Leo Lo pointed out that according to the discount property rate reflected on Midland Realty's website, the highest discount property rate among the 3 districts in Hong Kong is in the New Territories; and if divided into smaller districts, the top three districts with the highest discount property rates are Lantau Island/ Discovery Bay, Tsuen Wan, and Kwun Tong. When divided by unit size, the highest discount property rate is for B-class units with a usable area ranging from approximately 431 to 752 square feet; followed by C-class units with a usable area ranging from approximately 753 to 1075 square feet; and closely behind are A-class units with a usable area of approximately 430 square feet or less. As for property prices, the latest "Midland Property Price Index" reported 127.47 points, a slight decrease of 0.05% compared to the previous week; although it has increased by 0.3% compared to four weeks ago, it still records a 0.52% decrease year-to-date. When divided by the 3 districts, property prices show individual developments on a weekly basis. The latest "Midland Island Property Price Index" reported 132.65 points, a decrease of 0.28% compared to the previous week; the latest "Midland Kowloon Property Price Index" reported 133.17 points, a decrease of 0.19% compared to the previous week; and the latest "Midland New Territories Property Price Index" reported 116.24 points, an increase of 0.14% compared to the previous week. Compared to four weeks ago, property prices in the 3 districts also show different trends, with a decrease of 1.37% in the Island District compared to four weeks ago; an increase of 1.11% in the Kowloon District; and an increase of 0.18% in the New Territories District. Year-to-date changes in property prices also show individual developments, with the Island District and the New Territories District experiencing decreases of 2.41% and 1.64% respectively, while the Kowloon District has seen an increase of 1.63% year-to-date.