Group 1 - The Central Plains Real Estate data indicates that the Greater Bay Area Index fell to 93.25 points in May, a month-on-month decline of 1.79%, marking the fifth consecutive month of decline and returning to an over eight-year low since January 2017 [1] - Out of the 12 indices in the Greater Bay Area, 11 reported declines, with only Zhaoqing index recording a 2.72% increase. The declines ranged from 0.23% to 5.7% [1] - Major cities like Hong Kong, Guangzhou, and Shenzhen reached over eight-year lows, while the Macau index hit a historical low [1] Group 2 - The real estate market in the Greater Bay Area was affected by the reduced viewing and transaction volumes during the May Day holiday, and despite a temporary agreement on tariffs between China and the U.S., market instability persists, hindering price recovery [1] - In May, Guangzhou's second-hand transactions fell below 10,000, recording 9,228 transactions, a month-on-month decrease of 10.5%. Shenzhen also saw declines in both first-hand and second-hand transactions, down 20.6% and 18.2% respectively [1] - In Hong Kong and Macau, the indices experienced significant declines due to exchange rate impacts, with Macau's index reaching a historical low. However, Hong Kong's first-hand market performed well with nearly 2,300 transactions, the second-highest this year [2] Group 3 - The Greater Bay Area's Hong Kong index recorded the largest drop of the year at 2.57%, influenced by exchange rate factors and pressure on second-hand transactions and prices [2] - With the easing of the U.S.-China trade war and continuous reductions in mortgage rates, there are expectations for a potential interest rate cut by the Federal Reserve in the second half of the year, which may positively impact the market [2] - The Central Plains Real Estate's executive believes that the property prices in the Greater Bay Area are nearing a bottom [2]