The MLS property price index slightly fell by 0.08% this week, while the confidence index rose by 0.3%.

Centaline Property analyst Cen Songqian pointed out that the latest Centaline Property Price Index reports 148.8 points, down 0.08% week-on-week; however, the index has still recorded a slight increase of 0.1% compared to four weeks ago, with a cumulative rise of 10.46% year to date. At the same time, the Centaline Confidence Index, which reflects landlords' selling attitudes, reports 76.8 points, up about 0.3% week-on-week, showing a narrow range of fluctuations. Cen Songqian continued to note that the Hang Seng Index has recently fluctuated again, putting pressure on the investment atmosphere; however, the launch of several notable new developments for sale has stimulated market sentiment. Amid the contest of good and bad news, the confidence index has been fluctuating within a narrow range. If categorized by the three districts, property prices in the three areas show varied developments week-on-week. The latest Centaline Hong Kong Island Property Price Index reports 158.22 points, up 0.76% week-on-week; the Centaline New Territories Property Price Index reports 135.17 points, slightly up 0.04% week-on-week; in contrast, the Centaline Kowloon Property Price Index reports 154.84 points, down 0.55% week-on-week. Compared with four weeks ago, property prices in the three districts also performed diversely, with Hong Kong Island and the New Territories rising by 0.91% and 0.89% respectively, while Kowloon fell by 1.12%; regarding changes in property prices year to date, prices in all three districts have risen, with Hong Kong Island, Kowloon, and the New Territories increasing by 13.15%, 10.64%, and 9.43% respectively. In terms of the ratio of discounted properties, according to the Centaline Property website, the New Territories has the highest discount ratio among the three districts; when further divided into smaller areas, the three areas with the highest ratio of discounted properties are Ngau Tau Kok/Lai Chi Kok, Tsuen Wan, and Tsim Sha Tsui/Jordan. When dividing by unit area, the highest discount ratio is for Class B units with a usable area of approximately 431 to 752 square feet; followed by Class C units, which have a usable area of approximately 753 to 1,075 square feet; and next are Class A units with a usable area of approximately 430 square feet or less.