Zhongyuan: CCL Increased by 0.01% per week, it is expected that property prices in Hong Kong will continue to decline.

Yang Mingyi, Senior Joint Director of the Research Department of China Real Estate, pointed out that the latest China City Leading Index (CCL) was at 136.37 points, up slightly by 0.01% weekly. This was in response to the series of retaliatory tariff measures announced by the United States on April 3rd, and China's countermeasures on April 4th, affecting the market conditions for that week. The escalating trade war and increased risk of global economic recession have dampened the real estate market atmosphere, with buyers adopting a wait-and-see attitude, leading to a decrease in second-hand transactions. It is believed that overall property prices will continue to decline. The index this week has not yet reflected the impact of the sharp fall in global stock markets. In addition, the recent large discounts and promotions of new developments have attracted some of the second-hand buyers, putting pressure on property prices. If CCL drops another 3.37 points or 2.47%, it will reach the second quarter target of 133 points. The CCL is still at its lowest level in over 8 and a half years, hovering around the level of the end of August 2016. In the five weeks after the financial case, property prices have cumulatively increased by 1.10%, while temporarily falling by 0.92% compared to 2025. The index has dropped by 28.73% from its historical high of 191.34 points in August 2021, and by 4.65% compared to the low of 143.02 points before the spiced regulation in March 2024. The impact of the first round of price adjustments for Sierra Sea in West Kowloon on local second-hand property prices will only be reflected in the mid-May CCL. The China City Leading Index for large-scale housing estates, CCL Mass, was reported at 137.24 points, down 0.07% weekly. The CCL (small and medium-sized units) was at 136.19 points, down 0.05% weekly. The CCL (large units) was at 137.28 points, up 0.33% weekly, with the index still hovering around the level at the end of August 2016. Property prices in the four districts fluctuated with declines and increases. The CCL Mass for New Territories West was at 125.47 points, down 1.04% weekly. Hong Kong Island's CCL Mass was at 134.83 points, down 0.49% weekly. New Territories East's CCL Mass was at 150.18 points, up 0.30% weekly. Kowloon's CCL Mass was at 135.08 points, up 0.69% weekly. The indices for Hong Kong Island, Kowloon, New Territories West, and New Territories East were at levels from the end of May 2016, mid-September, early October, and mid-November respectively. In the eight major 2025 property price indexes, the CCL fell by 0.92%, CCL Mass fell by 0.64%, CCL (small and medium-sized units) fell by 0.59%, CCL (large units) fell by 2.53%, Hong Kong Island fell by 2.70%, Kowloon rose by 0.95%, New Territories East rose by 1.21%, and New Territories West fell by 2.25%.