Centaline Property: After declining for two consecutive weeks, the Centaline CCL has risen above 161 points, reaching a nearly three-year high. We remain optimistic about the increase in property prices.

Yang Mingyi, Senior Joint Director of the Research Department at Centaline Property, pointed out that the Centaline City Leading Index (CCL) recently reported 161.13 points, an increase of 0.82% week-on-week. This reflects the market conditions during the week of July 25 when the second batch of price listings for Yuen Long's Qianyu launched sales, and the first price listings for the 13A phase of LOHAS Park in Tseung Kwan O started. In the first week after the World Cup concluded, the sales of new properties in Hong Kong were strong, and the rebound in the Hong Kong stock market boosted the atmosphere in the property market. After dropping for two weeks, the CCL rebounded, surpassing 161 points, reaching its highest level since early September 2023, a new high over the past 153 weeks (nearly three years). Yang stated that property prices in Hong Kong have risen for over a year, accumulating to nearly 20%. Second-hand buyers are becoming more cautious, leading to a slowdown in transactions, with property prices expected to undergo volatile adjustments at high levels in the short term. Several large new developments launched in August, and the market reacted enthusiastically. It is believed that the upward trend in property prices remains unchanged, but the rate of increase is slowing. The CCL aims for a target of 165 points, currently falling short by 3.87 points or 2.40%, which may only be reached in the later part of the third quarter. Since the interest rates on loans began to decline in May 2025, property prices have shown signs of bottoming out and rebounding, compounded by two interest rate cuts by local banks last year to stimulate the market. Compared to the low of 135.16 points during the week of the peak interest rates in May last year, the CCL has increased by 19.21%. It has risen 19.45% from the low of 134.89 points before the 2025 Budget announcement in March, and 18.60% from the low of 135.86 points prior to the first rate cut in September 2024, while it has decreased 15.79% from the historical high of 191.34 points in August 2021. On August 12, the first price list for 102 units was published for the Southwest Kowloon Changsha Bay Grandview I. On the 15th, 73 units were sold from the price list for Yuen Longs Qianyu, and on the 16th, the first price list for 82 units was issued for the second phase of Park Silicon in Sheung Shui. The impact on the prices of second-hand properties in Hong Kong will start to be reflected in the CCL, which will be published in early September 2026. As of 2026, the CCL has temporarily accumulated a rise of 11.81%, with the CCL Mass up 11.69%, CCL (small and medium-sized units) up 11.62%, and CCL (large units) up 12.75%. Property prices in Hong Kong Island have increased by 19.32%, in Kowloon by 9.47%, in the New Territories East by 10.53%, and in the New Territories West by 8.18%.