Central Plains Real Estate: CCL rose 0.29% on a weekly basis, and is expected to continue to rise in short-term Hong Kong property prices for nearly a year and a half

Zhitong Finance App learned that Yang Mingyi, senior co-director of the Central Plains Real Estate Research Department, pointed out that the latest CCL report of the Central Plains City Leading Index was 143.45 points, up 0.29% weekly, the second-highest in 78 weeks (nearly a year and a half) after the beginning of June 2024. On November 18 and 20, the first price list was announced by Xinghui in Cheung Sha Wan and Yau Ma Tei. On November 18 and 20, and the first round of sales of Baijingfeng in Yau Tong was close to the current sell-out market situation. As property prices rose, landlords rebelled and narrowed bargaining margins, and wrestled with buyers, CCL hovered around 143 points for 3 consecutive weeks. With the recent sale of several new listings and the upcoming Christmas holidays, second-hand transactions have slowed down, and it is expected that CCL will continue to stabilize at around 143 points by the end of this year. Local banks did not follow the US interest rate cuts yesterday, but the mood in the property market is optimistic and positive. I believe that short-term property prices will continue to rise. CCL is expected to challenge 147 points in the first quarter of 2026. The current difference is 3.55 points or 2.47%.

Interest rates fell back in May 2025, and property prices bottomed out. CCL rose 6.13% from the May H interest rate once again falling below the 135.16 point low of the peak interest rate in the week. Property prices temporarily increased 4.22% in 2025. The index rose 6.35% from the low of 134.89 points before the March 2025 financial plan, 5.59% higher than the 135.86 point low before the first interest rate cut in September 2024, and down 25.03% from the historical high of 191.34 points in August 2021. On December 9, Lucky Hui in Cheung Sha Wan sold 53 units in the first round, the Federal Reserve cut interest rates by 0.25%, and major banks in Hong Kong kept the best interest rate unchanged. On the 12th, Yau Ma Tei Park Jingfeng sold 150 units in the second round, and Kai Tak DOUBLE COAST III sold 53 units in the first round on the 14th. The impact on local second-hand property prices will only begin to be reflected in CCL, which will be announced in early January 2026.

The leading index for large housing estates in the Central Plains City CCL Mass reported 144.31 points, up 0.19% from week to week. CCL (small to medium units) reported a weekly increase of 0.22% at 143.10 points. CCL Mass and CCL (small to medium units) hit a 78-week high after the beginning of June 2024. CCL (large unit) reported 145.24 points, up 0.64% from week to week, rising 1.91% for 2 consecutive weeks. The index hit a new high of 71 weeks after the end of July 2024.

Property prices in District 4 rose three times and fell once. Hong Kong Island's CCL Mass reported 140.68 points, up 2.17% on a weekly basis, ending 2 weeks of continuous decline. The index was the 10th highest in 71 weeks after the end of July 2024. CCL Mass reported 158.38 points, up 0.83% on a weekly basis, rising 3.25% for 4 consecutive weeks. The index hit a new high of 84 weeks after the end of April 2024. CCL Mass reported 131.99 points, up 0.62% on a weekly basis. The index hit a 76-week high after the end of June 2024. The CCL Mass in Kowloon reported 142.54 points, down 1.70% on a weekly basis, and declined after 4 weeks of continuous rise. The index was still the fourth highest in 78 weeks after the beginning of June 2024.

In terms of the 2025 Eighth House Price Index, CCL temporarily increased 4.22%, CCL Mass increased 4.47%, CCL (small and medium-sized units) rose 4.45%, CCL (large units) rose 3.12%, Hong Kong Island rose 1.52%, Kowloon rose 6.74%, New Territories East rose 6.74%, and New Territories West rose 2.83%.