The "United States Real Estate Price Index" latest report is 128.61 points, a week-on-week increase of 0.37%. Compared to four weeks ago, the price index has slightly increased by 0.18%.
According to the Zhitong Finance APP, the "Mafian Building Price Index" latest report is 128.61 points, up 0.37% week-on-week, and compared to four weeks ago, the building price index has slightly increased by 0.18%.
If divided into three districts, the building prices in the three districts have shown individual developments week-on-week. The latest report for the "Mafian Hong Kong Island Building Price Index" is 137.08 points, up 0.85% week-on-week; the latest report for the "Mafian Kowloon Building Price Index" is 132.83 points, up 1.37% week-on-week. In contrast, the latest report for the "Mafian New Territories Building Price Index" is 117.46 points, down 0.61% week-on-week.
Compared to four weeks ago, the building prices in the three districts have also shown individual developments, with both the Hong Kong Island and Kowloon districts recording an increase, rising by 0.71% and 0.59% respectively compared to four weeks ago; the building prices in the New Territories, however, have decreased by 0.35% compared to four weeks ago.
The latest report for the "Mafian Confidence Index" is 64.3 points, up 3.7% week-on-week. Liu Jiahuai, Chief Analyst at Mafian Properties, pointed out that the Hong Kong Rating and Valuation Department had previously announced that the private Residence price index had risen for two consecutive months, coupled with the effects of further interest rate reductions by Hong Kong Banks, which have strengthened owner confidence. The number of discounted listings has decreased, and the confidence index has increased.