Zhongyuan Real Estate: Zhongyuan City Leading Index (CCL) reported 159.04 points, with a cumulative increase of over 10% this year.

Yang Mingyi, Senior Joint Director of the Research Department of Centaline Property, pointed out that the latest report of the Centaline City Leading Index (CCL) was 159.04 points, an increase of 0.58% weekly. This reflects the market conditions of the week when 52 units were sold in the fourth round of price list release in Tsuen Wan on May 30. The property market is booming, with new projects being highly sought after and developers setting more aggressive prices. Owners are also holding out for higher prices, forcing buyers to chase prices to enter the market. This has pushed property prices to continue rising, with the index breaking through 158 points last week and surpassing 159 points this week. The CCL has risen for 3 consecutive weeks, totaling 1.01%, reaching a new high of 144 weeks (over 2 and a half years) since the beginning of September 2023. Property prices have just risen more than 10% this year, reaching 10.36%. The CCL is still 5.96 points or 3.75% away from the target of 165 points in the third quarter. Despite the peace agreement between the US and Iran, the strengthening of the China Securities Regulatory Commission's control over capital outflows, the HIBOR interest rate rising to nearly 3%, and the increasing expectation of a rate hike by the US Federal Reserve, with the Hang Seng Index falling below 24,000 points, mixed positive and negative news may slow down the rate of property price growth in the later part of the third quarter. Since the fall of interest rates in May 2025, property prices have bottomed out and risen, along with two interest rate cuts by local banks last year. The CCL has risen by 17.67% from a low point of 135.16 points last year in May, and by 17.90% from the low point of 134.89 points before the March 2025 budget, and by 17.06% from the low point of 135.86 points before the first interest rate cut in September 2024, shrinking the decline from the historical high of 191.34 points in August 2021 to 16.88%. The weather in Hong Kong remains unstable, with the World Cup starting on June 12, a peace agreement framework reached between the US and Iran on June 15, the Federal Reserve and major local banks announcing that interest rates will remain unchanged on June 18, and the presidents of the US and Iran signing memorandums of understanding for a ceasefire. The impact on local second-hand property prices will only be reflected in the CCL announced in early July 2026. The Centaline City Large Residential Index (CCL Mass) report was 160.52 points, a weekly increase of 0.56%. The CCL (Medium and Small Units) reported 159.29 points, a weekly increase of 0.68%. Both the CCL Mass and CCL (Medium and Small Units) reached a new high of 145 weeks (over 2 and a half years) since early September 2023. The CCL (Large Units) reported 157.76 points, a weekly increase of 0.08%, a total increase of 1.73% in 2 weeks, reaching the second-highest level of 135 weeks (over 2 and a half years) since mid-November 2023. Property prices in the four regions had three increases and one decrease. The CCL Mass for Hong Kong Island reported 160.03 points, a weekly increase of 1.20%, ending 3 consecutive weeks of decline and reaching the fourth highest level of 142 weeks (over 2 and a half years) since late September 2023. The CCL Mass for East New Territories reported 172.83 points, a weekly increase of 0.75%, a total increase of 2.01% in 2 weeks, reaching a new high of 144 weeks (over 2 and a half years) since early September 2023. The CCL Mass for West New Territories reported 144.69 points, a weekly increase of 0.79%, reaching a new high of 140 weeks (over 2 and a half years) since early October 2023. The CCL Mass for Kowloon reported 159.20 points, a slight decrease of 0.12% weekly, returning soft after 2 weeks of increase, remaining the second highest level of 149 weeks (nearly 3 years) since early August 2023. In 2026, 5 of the 8 major property price indexes in Hong Kong have seen increases of 10% or more. The CCL has temporarily increased by 10.36%, CCL Mass by 10.57%, CCL (Medium and Small Units) by 10.53%, CCL (Large Units) by 9.48%, Hong Kong Island by 14.18%, Kowloon by 10.00%, East New Territories by 8.96%, and West New Territories by 9.01%.