Midland Property Price Index edges up 0.14% week-on-week; Midland Confidence Index unchanged week-on-week

Midland Realty analyst Cen Songqian said the Midland Property Price Index last stood at 148.94 points, edging up 0.14% week-on-week. It has now fluctuated within a narrow range of 148 to 150 points for 15 consecutive weeks. Compared with four weeks ago, property prices dipped slightly by 0.07%, but have accumulated a gain of 10.56% year-to-date. In addition, the Midland Confidence Index, which reflects homeowners' listing attitudes, last stood at 69.8 points, unchanged week-on-week. Cen Songqian noted that several banks have recently been actively competing for mortgage business, indicating an optimistic outlook on the property market, which also helps shore up homeowners' confidence in the outlook and keeps the confidence index running steadily. By region, property prices in the three districts showed divergent week-on-week performances. The Midland Kowloon Property Price Index last stood at 156.56 points, up 0.31% week-on-week; the Midland New Territories Property Price Index last stood at 134.35 points, up 0.27% week-on-week; while the Midland Hong Kong Island Property Price Index last stood at 157.61 points, down 0.65% week-on-week.