Country Garden Real Estate: CCL weekly increase of 0.29%, the second highest in nearly a year and a half, expected to continue the short-term rise in Hong Kong property prices.

According to the Smart Finance APP, Yang Mingyi, Senior Co-Executive Director of the Research Department of Central Plains Real Estate, pointed out that the latest Central Plains City Leading Index CCL reported 143.45 points, an increase of 0.29% for the week, reaching a 78-week high since early June 2024 (almost a year and a half), closely followed by the announcement of the first price list for Cheung Hoi Wah and Yale in Cheung Sha Wan and Sham Shui Po on November 18 and 20, the second round of price list sales for Phase 2 of Tei Chun Tien in Kai Tak on the 19th, and the first round of sales for Pak King Fung in Yau Tong on the 21st, reflecting the market conditions for the week. As property prices rise, owners' asking prices and bargaining ranges narrow, leading to tug-of-war between buyers and sellers, and CCL hovers around 143 points for the third consecutive week. With several new properties being launched for sale in recent days and the approaching Christmas holiday, second-hand transactions are slowing down, and it is expected that CCL will continue to stabilize around 143 points by the end of this year. Local banks did not follow the US in cutting interest rates yesterday, but the property market sentiment is optimistic and improving. It is believed that the short-term upward trend in property prices will continue, and the CCL is expected to challenge 147 points in the first quarter of 2026, currently at a difference of 3.55 points or 2.47%.