Zhongyuan Real Estate: CCL's latest report is 136.44 points, down 0.18% weekly after four consecutive weeks of increase.

Yang Mingyi, Senior Joint Director of the Research Department of Centaline Property, pointed out that the latest Centraline City Leading Index (CCL) was 136.44 points, dropping by 0.18% weekly, ending a 4-week continuous increase. Although banks have successively raised mortgage cash rebate offers, providing positive support to the Hong Kong property market, the market focus is still on new developments, with a tug-of-war situation between second-hand property owners and buyers, keeping property prices under pressure. It is believed that the short-term CCL will remain within a narrow range of 135 points to 137 points. Yang Mingyi stated that the CCL continues to be at a near 9-year low, hovering around the level at the end of August 2016. On July 17, the first round of price list sales for 60 units at Lun Yick Peak in Yuen Long, and the first price list for 80 units at The Pavilia Bay Phase 5B in Wong Chuk Hang Station, South of Hong Kong Island. The impact on Hong Kong's secondary property prices will be reflected in the CCL to be announced in early August 2025. The Centraline City Large-scale Housing Leading Index (CCL Mass) was 137.72 points, slightly down by 0.01% weekly. The CCL (small and medium-sized units) was 136.36 points, decreasing by 0.10% weekly. CCL Mass and CCL (small and medium-sized units) have both dropped for 2 consecutive weeks, accumulating a decrease of 0.12%. The indices continue to hover around the levels at the end of August and mid-September 2016. The CCL (large units) was 136.87 points, dropping by 0.54% weekly, ending a 3-week continuous increase, with the index still at the level at the end of August 2016. By region, property prices in the four districts saw fluctuations, with two rising and two falling. The Hong Kong Island and Kowloon districts rose, while the New Territories saw declines. The CCL Mass for the New Territories East was 149.91 points, down by 0.64% weekly, with a total decrease of 2.25% over 4 weeks. The CCL Mass for the New Territories West was 125.21 points, down by 0.52% weekly, with a total decrease of 1.28% over 2 weeks. The CCL Mass for Hong Kong Island was 136.97 points, slightly up by 0.05% weekly, with a total increase of 2.27% over 2 weeks. The CCL Mass for Kowloon was 135.28 points, increasing by 0.61% weekly. The indices for Hong Kong Island, Kowloon, New Territories West, and New Territories East are at the levels of mid-June 2016, mid-September 2016, early October 2016, and mid-November 2016, respectively. Based on the eight major property price indices in 2025, the CCL has accumulated a decrease of 0.87%, CCL Mass has dropped by 0.3%, CCL (small and medium-sized units) has fallen by 0.47%, CCL (large units) has dropped by 2.83%, Hong Kong Island has fallen by 1.15%, Kowloon has risen by 1.10%, New Territories East has increased by 1.03%, and New Territories West has dropped by 2.45%.