The Central Plains City Leading Index (CCL) rose slightly by 0.09% weekly to 136.68 points, still at a low level for over 8 and a half years.

According to the Wisdom Financial APP, Yang Mingyi, senior co-chairman of the research department of Zhongyuan Real Estate, pointed out that the latest Zhongyuan City Leading Index (CCL) reported 136.68 points, a slight increase of 0.09% weekly. CCL has increased by 0.82% in four consecutive weeks, but the increase this week has significantly narrowed, with an increase of 0.32% last week and 0.39% the previous week. The real estate market atmosphere has improved, but new properties and unsold inventory continue to use low-price promotional strategies to attract customers. In addition, with the market still observing developments in the Sino-US trade agreement and expecting the US to not resume interest rate cuts until September, amidst mixed news, the second-hand market continues to fluctuate. It is expected that the Hong Kong property prices will remain in a fluctuating phase in the short term, and CCL is estimated to range narrowly between 135 and 137 points.