Midland Realty: The latest CVI report at 87.94 points is the second highest in three years, indicating that the upward trend in Hong Kong property prices is expected to continue.

Yang Mingyi, Senior Co-Chairman of the Research Department of Zhongyuan Real Estate, pointed out that the latest CVI this week is 87.94 points, a decrease of 4.19 points from 92.13 points last week. The index rose sharply by 10.49 points last week but fell back, still the second highest in three years. The property market is booming, with several large new projects being launched and sales situation ideal, with active trading in the second-hand market. The index has remained above 80 points for 11 consecutive weeks and has been stable above 60 points for 29 consecutive weeks in the optimistic area, reflecting confidence of banks in the property market remains unchanged, maintaining an optimistic valuation attitude, indicating that the upward trend in property prices will continue. A local major bank has increased cash rebates for mortgages to compete for mortgage business, with a positive mortgage attitude, believing that CVI will continue to stabilize at the 80-point level in the second quarter. In January 2025, US President Trump officially took office, and factors such as an escalation of the trade war, the Federal Reserve slowing down its pace of interest rate cuts, and other factors have affected the global economic and political environment and face new challenges. By the end of January, before the end of the CVI, the index had been hovering around the 50-point good and weak threshold for 13 consecutive weeks, dropping sharply to around 40 points in February and unable to break through the upper limit of the good and weak range, while the CCL continued to fluctuate between 136 points and 137 points. With the escalation of the trade war in early April, the CVI fell back below 40 points, fluctuating below 40 points for 5 weeks, and property prices also continued to decline. The interest rate plummeted at the beginning of May and remained low, with the CVI rising for 8 consecutive weeks, stabilizing above 60 points from the end of July to mid-September, while property prices gradually increased. After the resumption of interest rate cuts in September, the CVI rose for 7 consecutive weeks, rising through and stabilizing at the 80-point level, and property prices steadily rose. The latest CCL is reported at 153.67 points, an increase of 13.69% from the low point of 135.16 points in May 2025, lower than the peak point of interest at the same week. After the relaxation of stamp duty, it increased by 13.92%, compared to the low point of 135.86 points before the interest rate cut period, an increase of 13.11%, temporarily increasing by 6.63% in 2026.