Group 1: Market Performance - Hong Kong's private residential property price index reached 285.7 points in April, reflecting a month-on-month increase of 0.35%, ending a four-month decline [1] - The number of transactions for new residential properties in Hong Kong reached 7,439 units in the first half of the year, a 7.3% increase compared to the second half of last year, marking the highest level since the second half of 2021 [1] - The demand for two-bedroom units has been strong, with 3,606 units sold this year, representing a year-on-year increase of 14.4% [1] Group 2: Rental Market - The rental index for private residential properties in Hong Kong increased by 0.31% in April, marking the fifth consecutive month of growth [2] - The average rent per square foot for private residential properties was reported at HKD 38.02 in April, up approximately 0.4% month-on-month, continuing a three-month upward trend [2] - The upcoming traditional rental peak season is expected to further drive rental prices, with an influx of mainland students seeking accommodation [2] Group 3: Government Policies - The Hong Kong government announced the removal of all property market "cooling measures," eliminating additional stamp duties on residential property transactions [2] - The government raised the property value threshold for a HKD 100 stamp duty from HKD 3 million to HKD 4 million, which is expected to benefit about 15% of property transactions, resulting in an annual revenue reduction of approximately HKD 400 million for the government [2]