Hong Kong property market - The URA Property Price Index for the year of the Snake increased by 7.33% for the whole year, marking the largest increase in nearly eight lunar years.

The U.S. Property Price Index reported today at 138.15 points, with a final increase of 7.33% in the Year of the Snake, marking the largest increase in nearly eight lunar years since the Year of the Rooster in 2017. When divided into 3 districts, property prices in all three districts saw an increase in the Year of the Snake, with Kowloon district performing the best with an increase of around 9.36%, followed by Hong Kong Island district with an increase of approximately 7.14% and New Territories district with an increase of about 5.71%. Confidence index also increased by about 26.4% in the Year of the Snake, with the latest report at 80.4 points. Analyst at U.S. Property, Samson Sum, stated that the latest property price index increased by 0.5% weekly, marking 12 consecutive weeks of increase, compared to a 1.68% increase four weeks ago. Property prices have increased by 2.55% this year, representing a total increase of 9.4% from last year's low. At the same time, the confidence index has also increased weekly.