CCL rose by 0.98% on a weekly basis, hitting a 71-week high. The stabilization of Hong Kong stocks led to an increase in property prices in Hong Kong.

Yang Mingyi, Senior Joint Director of the Research Department of Midland Realty, pointed out that the latest Central City Leading Index (CCL) is 141.72 points, up 0.98% weekly. This was due to the Hang Seng Index closing above 26,000 points on October 21st, the first round sale of 138 units at Kam Fung III in Yuen Long, the second round sale of 30 units at Woodis in Wan Chai on the 25th, the consensus reached on the framework of the trade agreement in the fifth round of China-US negotiations on the 26th, and the market conditions leading up to the second rate cut on the 30th. With the consensus reached in the China-US trade negotiations, the Hong Kong stock market stabilized. Coupled with the ideal sales of new properties and anticipation of rate cuts, property prices rose, with CCL reaching above 141 points, reaching the second highest level in 71 weeks since the end of June 2024. After two consecutive rate cuts by the banks, the property market sentiment improved, China-US relations eased, new properties raised prices for sale, which is favorable for short-term property prices to continue to rise. The fourth quarter target of CCL remains at 143.02 points, currently differing by 1.30 points or 0.92%. Interest rates fell in May this year, property prices bottomed out and rose slightly, with CCL rising 4.85% from the low of 135.16 points in May compared to the peak interest rate. Property prices have temporarily risen by 2.96% since May 2025. Compared to the low point of 134.89 points before the financial case in March 2025, the index rose by 5.06%, rising by 4.31% compared to the low point of 135.86 points before the first rate cut in September 2024, and falling by 25.93% compared to the historical high of 191.34 points in August 2021. On November 11th, Pak King Fung in Yau Tong launched the first price list for 150 units. On the 13th, T Plus T2 in Kai Tak sold 62 units in the first round, the Hang Seng Index closed above 27,000 points, the US House of Representatives passed a temporary funding bill to end the government shutdown, and on the 14th, residential land at the junction of Wing Shun Street and Des Voeux Road in Tsuen Wan was cut off, the impact of which on local second-hand property prices will only be reflected in the CCL to be announced in early December 2025. The Central City Leading Index (CCL) Mass for large housing estates is 143.04 points, up 0.92% weekly. CCL (small and medium units) is 141.64 points, up 0.88% weekly. Both CCL Mass and CCL (small and medium units) reached the 72nd week high since the end of June 2024. CCL (large units) is 142.11 points, up 1.49% weekly, reaching a new high of 40 weeks since early February 2025. Property trends in the four districts reversed this week, with prices rising in the Hong Kong-Kowloon districts and falling in the New Territories. Last week it was the opposite. CCL_Mass for Hong Kong Island is 141.11 points, up 2.16% weekly, reaching the sixth highest level in 72 weeks since the end of June 2024. CCL_Mass for Kowloon is 141.47 points, up 2.11% weekly, ending a 3-week decline and reaching a new high of 74 weeks since early June 2024. CCL_Mass for the New Territories West is 131.33 points, slightly down 0.01% weekly, ending a 4-week rise, but still at the second highest level in 72 weeks since the end of June 2024. CCL_Mass for the New Territories East is 153.40 points, down 1.73% weekly. As of 2025, the eight major property price indices show CCL has risen by 2.96%, CCL Mass by 3.55%, CCL (small and medium units) by 3.39%, CCL (large units) by 0.89%, Hong Kong Island by 1.83%, Kowloon by 5.72%, New Territories East by 3.38%, and New Territories West by 2.31%.