Central plains city leading index CCL rose for 3 consecutive weeks before falling back by 0.22% on a weekly basis. It increased by 2.48% in the third quarter.

Yang Mingyi, Senior Joint Director of the Research Department of Midland Realty, pointed out that the latest Central China Leading City Index (CCL) was 139.94 points, a weekly decrease of 0.22%, reflecting the market conditions before the policy report and the Federal Reserve meeting in the US. Several new developments have been introduced, and the market is hopeful for favorable government measures for the property market and waiting for interest rate cuts. After three weeks of continuous increase, the prices of second-hand properties have slightly softened, but the CCL is still at its highest level in 60 weeks since early August 2024. With the resumption of interest rate cuts, the market sentiment has significantly improved, buyer interest has increased, and it is believed that the short-term trend of rising property prices remains unchanged. The fourth quarter target for CCL is 143.02 points, currently differing by 3.08 points or 2.20%. Interest rates fell in May this year, and property prices began to show a slight increase. Compared to the low point of 135.16 points in May, the CCL increased by 3.54%, leading to a temporary cumulative increase of 1.67% in property prices for the year 2025. The index has increased by 3.74% compared to the low point before the financial crisis in March 2025, by 3.00% compared to the low point before the first interest rate cut in September 2024, and has fallen by 26.86% compared to the historical high of 191.34 points in August 2021. On September 29th, the Phase 1 property development project at Tuen Mun District 16 Station received 31 intention letters, followed by the sale of 198 units at the "GRAND SEASONS" Phase 12C of the Ocean Shores Town in Tseung Kwan O on the 30th. On October 1st, the US federal government shutdown, and on the 2nd, the Hang Seng Index broke through 27,000 points in closing, reaching a new high in over 4 years, with the impact on local second-hand property prices reflected in the CCL to be announced in late October 2025. The Midland City Large-scale Residential Estate Leading Index CCL Mass reported 141.24 points, a weekly decrease of 0.45%. The CCL (small and medium units) reported 139.90 points, a weekly decrease of 0.43%. Both CCL Mass and CCL (small and medium units) ended a 3-week continuous increase, with indices remaining the third highest in 60 weeks since early August 2024. The CCL (large units) reported 140.14 points, a weekly increase of 0.89%, totaling 2.50% over 2 weeks, reaching a new high in 32 weeks since mid-February 2025. Property prices declined in three out of four districts. The CCL Mass in Hong Kong Island reported 136.42 points, a weekly decrease of 3.08%, the largest drop in 8 weeks, ending a 2-week continuous increase. The CCL Mass in Kowloon reported 138.74 points, a weekly decrease of 0.64%, still the fourth highest of the year. The CCL Mass in Western New Territories reported 129.32 points, a weekly decrease of 0.14%, totaling 0.28% over 2 weeks, still the third highest of the year. The CCL Mass in Eastern New Territories reported 158.33 points, a weekly increase of 3.05%, the largest increase since June 2021 (223 weeks), rebounding after 2 weeks of decline, reaching a new high in 74 weeks since late April 2024. By the official date of purchase agreements, all eight major property price indices saw an increase in the third quarter of 2025, the first time in nearly 10 quarters since the first quarter of 2023, with CCL increasing by 2.48% by the quarter, ending a 2-quarter decline. During the same period, CCL Mass increased by 2.43%, CCL (small and medium units) by 2.48%, CCL (large units) by 2.45%, Hong Kong Island by 1.86%, Kowloon by 1.90%, Eastern New Territories by 4.78%, and Western New Territories by 1.96%. By the year, CCL has increased by 1.67%, CCL Mass by 2.25%, CCL (small and medium units) by 2.12%, CCL (large units) by 0.50%, Hong Kong Island by 1.55%, Kowloon by 3.68%, Eastern New Territories by 6.71%, and Western New Territories by 0.75%.