The United States Real Estate Price Index fell 0.57% from week to week, falling for 4 consecutive weeks

The Zhitong Finance App learned that the latest report of the Federal Confidence Index was 60.8 points, down 2.4% from week to week. Liu Jiahui, chief analyst at Midland Properties, pointed out that the trend of the confidence index was repeated and fell again from week to week. Hong Kong stocks began a pullback in late May. Coupled with the variable time for interest rate cuts, it had a negative impact on the atmosphere in the Hong Kong property market. Reduced prices increased, causing the confidence index to fall.

According to the price reduction ratio on the Midland Property website, out of the 3 districts in Hong Kong, the New Territories had the highest price reduction ratio; if divided by subdivision, the three districts with the highest price reduction ratio were Lantau/Discovery Bay, Tsuen Wan, and Wong Chuk Hang/Sham Wan.

If divided by unit area, the largest price reduction ratio is for Class B units with a saleable area of about 431 to about 752 square feet.

In terms of property prices, the latest report of the United States Real Estate Price Index was 134.16 points, down 0.57% from week to week, falling for 4 weeks; down 1.39% from four weeks ago, while the decline in property prices has increased to 2.47% so far this year.

If divided according to district 3, property prices in district 3 fell across the board for 2 consecutive weeks. The latest report of the Associated Hong Kong Island Property Price Index was 141.32 points, down 0.7% from quarter to month, down 1.96% from four weeks ago, and the decline in the region has widened to 4.77% so far during the year; the latest report of the Midland Kowloon Property Price Index was 138.17 points, down 0.19% from week to week. The latest report of the Associated New Territories Property Price Index was 123.32 points, down 0.84% from week to week.