The latest US consumer confidence index is 58.9 points, down 1% weekly. Liu Jiahui, chief analyst of United States Property, pointed out that Hong Kong stocks have been consistently soft recently, with market concerns that the pace of US interest rate cuts may slow down, leading to a cautious atmosphere in the real estate market. Some owners eager to sell have reduced prices, leading to an increase in discounted listings, causing the confidence index to decline.

The latest US property price index is 128.33 points, up 0.31% weekly; compared with four weeks ago, the property price index has increased by 0.84%; the year-to-date property price decline has narrowed to 6.71%, and the latest property price index mainly reflects the market conditions announced by Hong Kong banks reducing interest rates in early November.

When divided into three regions, the property prices in each region have developed differently this week. The latest 'United States New Territories Property Price Index' is 118.1 points, up 0.63% weekly; the 'United States Hong Kong Island Property Price Index' is 134.79 points, also up 0.18% weekly; on the other hand, the 'United States Kowloon Property Price Index' is 132.12 points, slightly down 0.02% weekly.

Compared with four weeks ago, property prices in the three regions have recorded overall increases, with Hong Kong Island up by 1.39% compared to four weeks ago, while Kowloon and the New Territories up by 0.81% and 0.68% respectively. As for the year-to-date price changes, property prices in all three regions have declined, with Hong Kong Island down 9.17% year-to-date, and Kowloon and the New Territories down by 5.32% and 7% respectively.