Centaline Property: Centa-City Leading Index CCL stands at 159.38 points, falling for 3 consecutive weeks with a cumulative drop of 1.13%.

Yang Mingyi, Senior Associate Director of the Research Department at Centaline Property, noted that the Centa-City Leading Index (CCL) latest stood at 159.38 points, down 0.33% week-on-week, hitting a 15-week (over 3-month) low since mid-July 2026. On October 10, Yau Tong's "Qinghai I" launched its first batch of 200 units via price list, all of which sold out on the same day, reflecting the heat of the new home market that week. The CCL fell for 3 consecutive weeks, the first such occurrence in 113 weeks (over 2 years) since August 2024, with a cumulative drop of 1.13%. The index has stayed below 160 points for 2 consecutive weeks, with home prices trending soft. Multiple first-hand new projects launched at low prices to attract buyers, the secondary market was in a tug-of-war, owners held firm on prices, buyers turned to a wait-and-see approach, transactions turned quiet, and home prices came under downward pressure. The CCL fell 7 times and rose 3 times in the past 10 weeks, down 1.71% from the high of 162.16 points in mid-August this year. The CCL is expected to test 158 points, returning to the level before the CSRC cracked down on illegal cross-border capital outflows in late May, but is still expected to record about a 10% gain for the full year of 2026. Since HIBOR fell in May 2025, home prices reversed course and bottomed out, and coupled with the stimulus of two local bank rate cuts last year, the CCL has cumulatively risen 17.92% from the low of 135.16 points in the week of May last year when the H mortgage rate again fell below the cap rate. The CCL is up 18.16% from the low of 134.89 points before the March 2025 Budget, up 17.31% from the low of 135.86 points before the first rate cut in September 2024, and down 16.70% from the historical high of 191.34 points in August 2021. On October 27, Hung Hom's "Tihai" released its first price list of 91 units. On the 28th, Tai Kok Tsui's Leo Square Phase 6 "Yili No. 1" released its first price list of 50 units. On the 29th, the Federal Reserve and major Hong Kong banks kept interest rates unchanged, and the impact on local secondary home prices will only begin to be reflected in the CCL to be published in late November 2026. Year to date in 2026, the CCL has cumulatively risen 10.60%, CCL Mass up 10.70%, CCL (small and medium-sized units) up 10.54%, and CCL (large units) up 10.84%; by district, Hong Kong Island rose 14.68%, Kowloon rose 8.62%, New Territories East rose 10.09%, and New Territories West rose 10.25%.