Core Viewpoint - The Hong Kong property market is expected to see a 2% increase in prices in the third quarter of 2023, with both rental and property prices rising simultaneously for the first time in four years [1] Group 1: Property Prices - The "Mei Lun Property Index" surpassed the end of last year's figures in late July, indicating a shift from decline to growth in property prices [1] - Factors driving the increase in property prices include low interest rates, a rising stock market, and a reduction in supply [1] - The market sentiment among buyers has become more positive, contributing to the recovery in property prices [1] Group 2: Rental Market - Rental prices in Hong Kong have continued to break previous highs and are expected to rise alongside property prices [1] - The demand for rental properties remains strong, further fueling the upward trend in both rental and property prices [1] Group 3: Market Outlook - The company anticipates that both rental and property prices will record increases for the entirety of 2023, marking a significant recovery in the market [1] - The expected 2% increase in property prices for the third quarter represents the highest level seen since the first quarter of 2023 [1]