Group 1 - The area of Huamu South in Pudong has seen significant declines in property values, primarily due to its classification as a non-core area and the presence of older, less desirable housing [2][3] - The neighborhood lacks modern amenities and has a disorganized urban appearance, which contributes to its unpopularity among potential buyers [3] - Despite the challenges, older properties within the inner ring may still hold residential value due to their convenient location and good amenities, making them suitable for young people and retirees [5] Group 2 - The rental yield for older properties in Shanghai is approaching 3%, comparable to that of Hong Kong, although the overall rental yield in Shanghai remains below 2% for most properties [7] - The rental market in Shanghai is less active than in Hong Kong, with lower demand for rentals, which may affect future property values [7] - Hong Kong's property market has experienced a reversal over the past 25 years, driven by the removal of property taxes and talent attraction policies, leading to increased market activity [9][10] Group 3 - The influx of talent into Hong Kong has revitalized the property market, but the sustainability of this trend remains uncertain as the effectiveness of talent policies may diminish over time [10] - The core issues affecting the property markets in both Hong Kong and mainland China have not improved, indicating potential long-term challenges despite short-term gains [10]