Group 1 - The number of negative equity cases in Hong Kong decreased to 37,806 in Q2 2025, down 7.2% from the previous quarter, with the total amount involved at HKD 190.16 billion, a decrease of 7.6% [1] - The property market showed signs of recovery following the announcement of stamp duty adjustments in February, with the private residential price index rising for three consecutive months [1] - The number of new mortgage insurance applications in the first half of the year was 3,483, a decrease of 37.1% year-on-year, marking the lowest level in nearly nine years [1] Group 2 - The delinquency rate for mortgages overdue by more than three months remains low at 0.21%, indicating that most homeowners maintain a stable repayment ability [1] - Expectations of a potential interest rate cut by the Federal Reserve in Q4 may lead to a decrease in Hong Kong's interbank rates, which could stimulate further economic recovery and boost the property market [2] - If the property market continues to stabilize in the second half of the year, there is potential for further reduction in negative equity cases [3]