American League: The upward trend in Hong Kong property prices has not changed

The Zhitong Finance App learned that the latest report of the Federal Property Price Index was 148.55 points, down 0.21% from week to week, with a narrow trend; compared with four weeks ago, property prices fell 0.34%; as far as this year, property prices have continued to rise 10.27%. Meanwhile, the latest report of the US Federal Confidence Index, which reflects owners' trading attitudes, was 74.3 points, down 2% from week to week.

Midland Property analyst Shen Songqian pointed out that with the launch of multiple new listings, sales and deployment, the property market atmosphere is favorable. However, first-hand projects are also seizing market focus, and some owners who are in a hurry to sell their goods cut prices to increase attractiveness, leading to an increase in price cuts, causing the confidence index to fall; however, the confidence index continues to be above average, indicating that the upward trend in property prices has not changed.

If divided according to district 3, property prices in district 3 will develop individually on a weekly basis. The latest report of the Associated Hong Kong Property Price Index was 157.18 points, down 0.9% from week to week; the latest report was 134.88 points, down 0.25% from week to week; on the other hand, the latest report was 154.95 points, a slight increase of 0.09% from week to week.

Compared with four weeks ago, property prices in District 3 also showed individual developments, with Hong Kong Island and Kowloon falling by 0.13% and 0.92% respectively, while the New Territories increased slightly by 0.09%. As for the changes in property prices so far during the year, property prices in District 3 are still rising across the board. Hong Kong Island, Kowloon and the New Territories have increased by 12.41%, 10.72% and 9.2% respectively during the year.