Zhongyuan Real Estate: Zhongyuan Urban Leading Index CCL dropped slightly by 0.01% weekly, indicating that short-term property prices remain soft and fluctuating.

The Central Plains City Leading Index CCL reported the latest figure of 135.57 points, a slight weekly decrease of 0.01%. Yang Mingyi, Senior Co-Director of Central Plains Real Estate Research Department, pointed out that the positive news of the temporary suspension of Sino-US tariffs, continued decline in interest rates, and strong sales of new properties have stimulated market sentiment, leading to an improvement in the real estate market atmosphere. Buyer interest is increasing, and there is a slight increase in second-hand transactions, with the CCL stabilizing at 135 points for the third consecutive week. However, the progress of Sino-US trade negotiations still needs to be observed. Developers continue to adopt low-price strategies, and most second-hand transactions are at market prices, so short-term property prices remain relatively soft. The CCL is 2.57 points or 1.9% away from the second quarter target of 133 points. Yang Mingyi mentioned that the data reflects the market conditions of the week when UNI Residence in Sha Tin announced the prices of the first batch of 50 units on May 19th, H's interest rate dropped below 2% on May 22nd, and Sierra Sea in West Sha Tin sold out the prices of the 3rd round of Phase 1B on May 24th. The CCL has remained unchanged at an over 8 and a half year low, hovering around the levels seen in late August 2016. In the 12 weeks after the financial crisis, the CCL has risen by 0.50%, while property prices have temporarily fallen by 1.50% by 2025. The index has fallen by 0.21% compared to the low of 135.86 points before the first interest rate cut in September 2024, by 29.15% compared to the historical high of 191.34 points in August 2018, and by 5.21% compared to the low of 143.02 points before the withdrawal of cooling measures in March 2024. On June 9th, China and the US held a new round of economic and trade talks in London, resulting in the Hong Kong stock market closing above the 24000 point mark. On June 10th, HIBOR hit a 3-year low, and on June 11th, China and the US reached a consensus on trade framework. On June 14th, the 5A Phase of the South Island station in Wong Chuk Hang opened with 138 units for sale, and the impact on local second-hand property prices in Hong Kong will be reflected in the CCL to be announced in early July 2025. The Central Plains City Leading Index for large-scale residential estates, CCLMass, reported a figure of 136.73 points, a weekly increase of 0.07%. CCL (small and medium-sized units) reported 135.51 points, a weekly increase of 0.07%. Both CCLMass and CCL (small and medium-sized units) have risen for 2 weeks in a row, with accumulative increases of 0.39% and 0.41% respectively, continuing to hover around the levels seen in late August 2016. CCL (large units) reported 135.89 points, a weekly decrease of 0.42%, reaching a new over 8 and a half year low since late August 2016. Property prices in four districts saw fluctuations. CCL_Mass in Hong Kong Island reported 133.40 points, a weekly decrease of 0.97%. CCL_Mass in East New Territories reported 150.79 points, a weekly decrease of 0.85%. CCL_Mass in Kowloon reported 134.00 points, a weekly increase of 0.69%, ending a 3-week decline. CCL_Mass in West New Territories reported 125.98 points, a weekly increase of 0.95%, achieving a total increase of 1.81% over 2 weeks. The indices of Hong Kong Island, Kowloon, West New Territories, and East New Territories are at levels seen in late July 2014, mid-September 2016, mid-October 2016, and mid-December 2016 respectively. As of 2025, the eight major property price indices show a cumulative decrease of 1.50% for CCL, 1.01% for CCLMass, 1.09% for CCL (small and medium-sized units), 3.52% for CCL (large units), 3.73% for Hong Kong Island, 0.14% for Kowloon, 1.62% for East New Territories, and 1.85% for West New Territories.