Country Garden Real Estate: CCL rose for 2 consecutive weeks, a total of 1.52%, breaking through the 142-point mark. The property prices temporarily increased by 3.52% by 2025.

Yang Mingyi, Senior Partner of the Research Department of Zhongyuan Real Estate, pointed out that the latest Zhongyuan City Leading Index (CCL) was 142.49 points, up 0.54% weekly. This was due to the announcement of interest rate cuts by the United States and Hong Kong banks on October 30th, as well as the important consensus reached between the leaders of China and the United States during the Korea summit. With two consecutive interest rate cuts by Hong Kong banks, new property sales were ideal, creating a positive atmosphere in the property market. Second-hand transactions were active, resulting in CCL rising for 2 consecutive weeks by a total of 1.52%, marking a new high in 73 weeks since the end of June 2024. Owner confidence has significantly increased, leading to a narrowing of negotiation space and some properties being sold at higher prices, indicating a potential for further price increases. Currently, CCL is only 0.53 points or 0.37% away from the fourth quarter target of 143.02 points. With interest rates falling in May this year, property prices in Hong Kong hit bottom and began to rise. The CCL index was 5.42% higher than the low point of 135.16 points in May, marking a temporary accumulation of 3.52% in property prices in 2025. Compared to the low point of 134.89 points before the financial turmoil in March 2025, the index increased by 5.63%. Compared to the low point of 135.86 points before the first interest rate cut in September 2024, the index rose by 4.88%. However, it is still 25.53% lower than the historical high of 191.34 points in August 2021. On November 18th, Cheung Sha Wan Lucky Mall announced the sale of the first batch of 30 units. On the 19th, the residential land at the intersection of Wing Shun Street and Des Voeux Road West in Tsuen Wan, was acquired by Huamou Group for HK$2.475 billion, and on the 20th, there was a successful sale of 56 units in the second phase of Yau Tong Tiara. On the 20th, Yeumatai Xinyi announced the sale of the first batch of 30 units, followed by 150 units in Po King Peak on the 21st, and 160 units in Tai Po Shangran 3rd phase on the 23rd. The impact on local second-hand property prices will only be reflected in the CCL to be announced in mid-December 2025. The Zhongyuan City Large-scale Property Leading Index CCL Mass reported 143.91 points, up 0.61% weekly, marking a new high of 74 weeks since mid to late June 2024. CCL (small and medium-sized units) reported 142.39 points, up 0.53% weekly, marking a new high of 73 weeks since the end of June 2024. CCL (large units) reported 142.95 points, up 0.59% weekly, marking a new high of 50 weeks since the beginning of December 2024. CCL Mass, CCL (small and medium-sized units), and CCL (large units) all rose for 2 weeks in a row, increasing by 1.54%, 1.41%, and 2.09% respectively. Property prices rose in three districts and fell in one. The CCL Mass in Hong Kong Island reported 143.10 points, up 1.41% weekly, up 3.60% in 2 weeks and reaching the 3rd highest in 78 weeks since mid to late May 2024. In New Territories East, CCL Mass reported 154.74 points, up 0.87% weekly, reaching the 7th highest in 70 weeks since mid to late July 2024. In Kowloon, CCL Mass reported 142.64 points, up 0.83% weekly, rising a total of 2.95% in 2 weeks and reaching a new high in 75 weeks since early June 2024. In New Territories West, CCL Mass reported 130.35 points, down 0.75% weekly, falling for 2 weeks in a row by a total of 0.75%, but still reaching the 3rd highest in 69 weeks since late July 2024. As of 2025, the eight major property price indexes have increased: CCL by 3.52%, CCL Mass by 4.18%, CCL (small and medium-sized units) by 3.93%, CCL (large units) by 1.49%, Hong Kong Island by 3.27%, Kowloon by 6.60%, New Territories East by 4.29%, and New Territories West by 1.55%.