Zhongyuan Real Estate: CCL rose by 0.01% per week for five consecutive weeks, the first time in the past five years.

Yang Mingyi, Senior Joint Director of the Research Department of Midland Realty, pointed out that the latest Central Plains Urban Leading Index (CCL) reported 149.41 points, a slight increase of 0.01% weekly (the index was the same as the previous week during the Lunar New Year period), reflecting the Hang Seng Index falling below the 27,000-point mark on February 2nd, the closing of the residential land auction at Bullhead Colours Bay on February 6th, and the successful sale of 218 units in the 3rd round of Phase 2B of Sierra Sea in West Sha on February 7th. Excluding last week's index suspension due to the Chinese New Year holiday, CCL has risen for 5 consecutive weeks by a total of 3.3%, the first time in nearly 5 years since the end of May 2021, reflecting an early surge in the property market during the Lunar New Year season and the continued rise in property prices in Hong Kong. The atmosphere in the property market has been lively after the Lunar New Year, with active transactions in the secondary market, the launch of several new projects, and some developers raising prices. It is believed that property prices in Hong Kong will continue to rise. CCL is steadily heading towards the target level of 156 points (the low point before the clearance in 2023), currently differing by 6.59 points or 4.41%. Since the interest rate cut in May 2025, property prices in Hong Kong have bottomed out and rebounded, coupled with two interest rate cuts by local banks last year, causing CCL to increase by 10.54% from the low point of 135.16 points compared to the previous highest point last year. Compared to the low point of 134.89 before the financial case in March 2025, CCL has increased by 10.76%, by 9.97% since the first interest rate cut in September 2024 before hitting the low point of 135.86, and has dropped by 21.91% from the historical high point of 191.34 in August 2021. The impact of the announcement of raising stamp duty on residential properties of over HK$100 million in the financial case on February 25th will only be reflected in the CCL announced at the end of March 2026. As of 2026, CCL has temporarily increased by 3.68%, CCL Mass has risen by 3.77%, CCL (small and medium units) has increased by 3.62%, CCL (large units) has risen by 3.91%, Hong Kong Island has risen by 7.55%, Kowloon has increased by 4.46%, the East New Territories has risen by 0.50%, and the West New Territories has risen by 1.42%.