China Central Properties: CCL has risen for two consecutive weeks, with a total increase of 1.41%. All major indexes have risen, recovering all losses from earlier this year.

On October 17, Yang Mingyi, Senior Joint Director of Research at Midland Realty, pointed out that the latest Central Urban Leading Index CCL reached 141.92 points, up by 1.18% compared to the previous week, reaching a new 68-week high since the end of June 2024. This was the first week after the interest rate cut was restarted on September 18, and on the 27th, 50 units were sold out in the first round of MVP at West Mid-Levels. The interest rate cut, combined with the hot sales of new properties, stimulated the atmosphere in the Hong Kong property market, leading to a 1.41% increase in CCL over the past two weeks. All eight major indices rose this week, marking the first time in 12 weeks since the end of July 2025 that all indices have recovered their losses for the year. CCL is expected to rise to 143.02 points in the fourth quarter, currently only 1.10 points or 0.78% away. In 2025, all eight property price indices have risen across the board, reversing the trend of declines and showing signs of ending the three-year trend of simultaneous declines in all eight indices. CCL has temporarily risen by 3.11%, CCL Mass by 3.90%, CCL (small to medium-sized units) by 3.64%, CCL (large units) by 0.53%, Hong Kong Island by 4.26%, Kowloon by 5.22%, New Territories East by 5.53%, and New Territories West by 0.36%. With the fall in interest rates in May of this year, Hong Kong property prices began to bottom out and rise slightly. Compared to the low point of 135.16 points in May, CCL rose by 5.00%. Compared to the low point of 134.89 points before the financial case in March 2025, it rose by 5.21%. Compared to the low point of 135.86 points before the first rate cut in September 2024, it rose by 4.46%. Compared to the historical high of 191.34 points in August 2021, it fell by 25.83%. On October 13, due to the escalation of the US-China trade war, the Hong Kong stock market fell below the 26,000-point mark. On October 14, Tien II in Kai Tak first-round bid sale 24 units, gold prices broke through $4,100 per ounce for the first time, reaching a new historical high. On October 18, 75 units were sold at Woodis in Wan Chai, 171 units at Grand Seasons in Tseung Kwan O, and 36 units at Belgravia Place in Cheung Sha Wan. The impact on the local secondary property prices in Hong Kong will only be reflected in the CCL announced in early November 2025. The Central Urban Leading Index CCL Mass for large-scale residential estates reached 143.52 points, up by 1.06% compared to the previous week. CCL (small to medium-sized units) reached 141.99 points, up by 1.03% compared to the previous week. Both CCL Mass and CCL (small to medium-sized units) have risen in the past two weeks, accumulating an increase of 1.61% and 1.49%, respectively, reaching a new 68-week high since the end of June 2024. The index for CCL (large units) reached 141.59 points, up by 1.97% compared to the previous week, reaching a new 35-week high since early February 2025. In terms of property prices in the four districts, CCL_Mass on Hong Kong Island reached 144.48 points, up by 0.43% compared to the previous week, with a total increase of 5.91% in the past two weeks, reaching a new 73-week high since mid-May 2024. CCL_Mass in Kowloon reached 140.80 points, up by 2.02% compared to the previous week, ending two weeks of consecutive declines and reaching a new 66-week high since early July 2024. CCL_Mass in New Territories East reached 156.59 points, up by 0.10% compared to the previous week, reaching the second highest level in 74 weeks since mid-May 2024. CCL_Mass in New Territories West reached 128.82 points, up by 1.05% compared to the previous week, ending three weeks of consecutive declines, reaching the fourth highest level in 45 weeks since early December 2024.