"Confidence Index of UBS" has been above average for 51 consecutive weeks, indicating that homeowners have a positive view on property prices in Hong Kong.
The latest report of the "Meilian Building Price Index" is 131.92 points, a weekly decrease of 0.16%. The "Meilian Confidence Index" reflecting the attitudes of property owners is 76.1 points, a weekly decrease of 0.4%. The confidence index has been above the average value for 51 consecutive weeks (at the boundary between good and weak housing prices), indicating that there is room for housing prices to rise.
The latest report of the "Hong Kong Property Price Index" is 131.92 points, a decrease of 0.16% compared to last week, and a decrease of 0.14% compared to four weeks ago. However, the property prices in Hong Kong have increased by 2.96% so far this year, and have risen by 4.47% compared to the low point earlier in the year. The "Hong Kong Property Confidence Index", which reflects the listing attitude of property owners, is currently at 76.1 points, a decrease of 0.4% compared to last week. The confidence index has been above the average value (indicating a good seller's market) for 51 consecutive weeks, signaling a potential for price increase.
When divided into 3 regions, the property prices in each region showed individual developments. The latest report of the "Hong Kong Island Property Price Index" is 137.67 points, an increase of 0.18% compared to last week; the "Kowloon Property Price Index" is 137.84 points, an increase of 0.15% compared to last week; on the other hand, the "New Territories Property Price Index" is 120.17 points, a decrease of 0.54% compared to last week.
Comparing to four weeks ago, the property prices in the 3 regions also showed individual developments, with Hong Kong Island and Kowloon increasing by 1.51% and 0.14% respectively, while the New Territories decreased by 0.92%. As for the change in property prices so far this year, all 3 regions have experienced increases, with Hong Kong Island, Kowloon, and the New Territories rising by 1.29%, 5.2%, and 1.68% respectively.
In terms of the discount rate, according to the discount rate data on the "Hong Kong Property" website, the New Territories have the highest discount rate among the 3 regions. When divided by unit size, the highest discount rate is for Class B units with a practical area of approximately 431 to 752 square feet; followed by Class A units with a practical area of approximately 430 square feet or below; and in third place are Class C units with a practical area of approximately 753 to 1075 square feet.
Related Articles
A new wave of IPOs in Europe on the horizon? Bankers say "this time it might be for real."
During two weeks of reduced production at the core nickel smelting plant in Indonesia due to the accumulation of waste materials becoming a problem
North American LNG exports surged by 50%. Shipping costs on the Atlantic China Welding Consumables, Inc. route continue to soar.
A new wave of IPOs in Europe on the horizon? Bankers say "this time it might be for real."
During two weeks of reduced production at the core nickel smelting plant in Indonesia due to the accumulation of waste materials becoming a problem
North American LNG exports surged by 50%. Shipping costs on the Atlantic China Welding Consumables, Inc. route continue to soar.
