The latest report for the Hong Kong Property Price Index is 132.64 points, down 0.5% from the previous week and has been falling for four consecutive weeks. Compared to four weeks ago, it fell by 1.46%, and the price decline this year has widened to 3.58%, reaching a new low in nearly eight years. The latest report for the Confidence Index is 53.1 points, down 1.5% from the previous week and has been falling for seven consecutive weeks. Liu Jiahui, Chief Analyst of the MLI Properties, pointed out that new developments continue to be sold at low prices, which attracts the purchasing power of the market in the first place, and the liquidity of second-hand trading also slows down. Owners who are eager to sell cut prices to attract customers. As the number of discount properties increases, the Confidence Index drops.