Core Insights - Hong Kong property prices continue to rise, with the latest Midland property price index at 132.11 points, marking a weekly increase of 0.09% and a 15-month high since mid-July last year [1] - Year-to-date, property prices have increased by 3.11%, reflecting a rise of approximately 4.62% from the year's low [1] - Market confidence in property prices has strengthened, despite recent trade disputes between China and the U.S., as indicated by the Midland confidence index at 76.1 points, which has remained above 75 points for 12 consecutive weeks [1] Price Trends by District - The Midland Kowloon property price index is at 137.65 points, with a weekly increase of 0.67%, while the Hong Kong Island index is at 135.62 points, down 0.35%, and the New Territories index is at 121.28 points, down 0.26% [2] - Compared to four weeks ago, all three districts have seen price increases, with Hong Kong Island, Kowloon, and New Territories rising by 0.13%, 2.08%, and 1.57% respectively [2] - Year-to-date changes show Kowloon and New Territories up by 5.05% and 2.62%, while Hong Kong Island has decreased by 0.22% [2] Discounted Listings - The highest rate of discounted listings is in Kowloon, with specific areas like Tsuen Wan, Ma Wan/Pearl Bay, and the Four Little Dragons/Lai Chi Kok having the most significant discount ratios [2] - In terms of unit area, the highest discount rates are for E-class units (approximately 1722 square feet or larger), followed by B-class units (431 to 752 square feet) and C-class units (753 to 1,075 square feet) [2]

Core Viewpoint - The latest "Centaline Property Index" reports a value of 128.2 points, indicating a week-on-week decline of 0.45%, but a 0.56% increase compared to four weeks ago, with a slight year-to-date increase of 0.05% [1] Group 1: Property Price Trends - The property prices across three districts have shown a week-on-week decline, with "Centaline Hong Kong Island Index" at 132.65 points (down 0.98%), "Centaline Kowloon Index" at 132.66 points (down 0.37%), and "Centaline New Territories Index" at 118.07 points (down 0.35%) [1] - Compared to four weeks ago, property prices in Kowloon and New Territories increased by 0.45% and 0.95% respectively, while Hong Kong Island saw a decrease of 0.32% [1] - Year-to-date performance varies across districts, with Kowloon up 1.24%, while Hong Kong Island and New Territories are down 2.41% and 0.09% respectively [1] Group 2: Market Sentiment - The "Centaline Confidence Index" is reported at 75.5 points, reflecting a week-on-week increase of 2.9% [1] - Although bank balances have decreased, low interbank rates persist, and market expectations for a potential interest rate cut by the Federal Reserve in September are providing positive support for the Hong Kong property market [1] - The reduction in discounted properties has contributed to the rise in the confidence index [1]

Group 1 - The latest US consumer confidence index is reported at 73.4 points, increasing by 1.2% week-on-week, supported by low interbank rates and a decline in potential supply data over five consecutive quarters [1] - The reduction in discounted listings has contributed to the rise in the confidence index, with the highest discount rate observed in the New Territories among three regions [1] - The latest property price index from Midland Realty is at 128.78 points, reflecting a week-on-week increase of 0.46%, marking a two-week consecutive rise, and a year-to-date increase of 0.51% [1] Group 2 - Property prices in the three regions show mixed developments, with Kowloon and New Territories increasing by 0.45% and 0.7% respectively, while Hong Kong Island's index decreased by 0.27% [1] - Compared to four weeks ago, Kowloon and New Territories recorded increases of 0.7% and 1.42%, while Hong Kong Island experienced a slight decline of 0.07% [2] - Year-to-date changes in property prices show Kowloon and New Territories with increases of 1.62% and 0.25%, while Hong Kong Island has decreased by 1.44% [2]