Hong Kong Centaline Property Agency Index (Residential Sales Price) increased for the third straight week, with the latest report at 48.35 points.

Yang Mingyi, senior co-director of the Research Department of China Real Estate, pointed out that the CSI (residential price) latest report is 48.35 points, an increase of 0.96 points from last week's 47.39 points. After the first week of the financial budget relaxed the stamp duty threshold by 100 Hong Kong dollars, the CSI continued to rise, with the index rising a total of 1.80 points in three weeks, once again challenging the 50 point key level. Yang Mingyi stated that if the CSI continues to rise steadily, breaking through and stabilizing above 55 points, it indicates that property prices may bottom out and the property market may end its adjustment. With many new projects selling well recently, the atmosphere for second-hand properties improving, and new measures from the budget stimulating transactions for small-priced properties, the CSI has been above the 45 point key level for five consecutive weeks, indicating a continued narrow range of fluctuation in property prices in the short term. The CSI (residential rental) reported 53.55 points, an increase of 0.23 points per week, a total increase of 2.97 points in five weeks. The index has long been above the key level of 50 points, indicating that residential rentals can continue to stabilize at a high level, waiting to pick up the upward trend. In terms of commercial properties, the CSI (commercial property price) reported 45.71 points (an increase of 2.33 points per week), a total increase of 5.97 points in two weeks. The CSI (commercial property rental) reported 45.83 points (an increase of 0.83 points per week), a total increase of 5.83 points in three weeks. The rental and sales indices have been above the key level of 40 points for seven and two weeks respectively. The implementation of the government's "tourism everywhere" policy helps to boost economic activity, indicating a slight improvement in the market conditions for commercial property transactions and rentals, trending toward stability. Regarding industrial buildings, the CSI (industrial building price) reported 35.71 points (a decrease of 2.75 points per week), a total decrease of 7.15 points in two weeks. The CSI (industrial building rental) reported 39.06 points (a decrease of 0.94 points per week), a total decrease of 5.29 points in two weeks. The sales price has been below 40 points for two weeks in a row, while the rental price dropped below 40 points in a single week, indicating a bearish pressure on industrial building transactions and rentals. As for office buildings, the CSI (office building price) reported 33.65 points (a decrease of 2.92 points per week). The CSI (office building rental) reported 33.81 points (a decrease of 1.05 points per week). The rental and sales indices have been above 30 points for 24 consecutive weeks, but are still below the key level of 40 points, indicating a continued downward trend in the market conditions for office building transactions and rentals.