The "American Alliance Building Price Index" increased by 0.45% to 141.5 points week-on-week, with a cumulative increase of 5.04% for the year.

Analyst Chan Songqian of Midland Realty pointed out that the latest "Midland Property Price Index" reported 141.5 points, an increase of 0.45% on a weekly basis, setting a new high for over 2 years. The property price index has risen by 1.62% compared to four weeks ago, and has increased by 5.04% so far this year, approaching the 5.14% increase for the whole year last year. The property prices in Hong Kong have risen by 12.05% since reaching a low point last year. Chan Songqian further stated that under the shadow of the Middle East situation, the confidence index continues to decline, with the "Midland Confidence Index" reporting 81.9 points, a weekly decrease of about 0.5%. However, trading in new properties remains active, and the atmosphere of the Hong Kong property market remains positive. The confidence index has remained above 80 for 8 consecutive weeks, the longest period in over 7 and a half years, indicating that property owners remain optimistic about the future market prospects. Furthermore, the confidence index continues to be significantly higher than the average (which is considered the dividing line between a good and weak property market), indicating that the upward trend in property prices in Hong Kong is expected to continue.