The latest report on the "American Alliance Building Price Index" is 127.48 points, with a slight decrease of 0.1% weekly and a year-to-date decline of 0.51% from the beginning of the year.
The latest report from the "Meilian Building Price Index" is 127.48 points, a slight decrease of 0.1% compared to last week, after rising for 4 consecutive weeks.
The latest "Hong Kong Property Price Index" is 127.48 points, a slight decrease of 0.1% from last week, after a slight fall following a 4-week consecutive increase; compared to four weeks ago, the index is still up by 0.78%, while the year-to-date decline is 0.51%.
When divided into 3 regions, property prices in the 3 regions show individual developments weekly. The latest "Hong Kong Island Property Price Index" is 133.07 points, a weekly decrease of 0.73%; the latest "Kowloon Property Price Index" is 132.06 points, a slight weekly decrease of 0.12%; on the other hand, the "New Territories Property Price Index" is 116.96 points, a slight weekly increase of 0.12%.
Compared to four weeks ago, property prices in the 3 regions have all increased, with Hong Kong Island, Kowloon, and New Territories increasing by 0.29%, 0.77%, and 0.95% respectively compared to four weeks ago; as for the year-to-date property price changes, the 3 regions show individual developments, with Hong Kong Island and New Territories decreasing by 2.1% and 1.03% respectively year-to-date, while Kowloon has increased by 0.79%.
The latest "Confidence Index" is 70.6 points, a weekly increase of 1.4%. New developments in Hong Kong property sales are ideal, coupled with reports of banks raising cash rebates on mortgage loans, leading to a more positive trend in mortgage business; although the interbank lending rate has seen some increase in the past month, it still remains relatively low, creating a positive atmosphere in the property market. Reduced price offerings have decreased, leading to an increase in the confidence index.
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