Hong Kong Secondary Property Index Climbs 0.64%, Hits 3-Year High
On.cc · 1 SOURCESabout 1 hour ago5 MIN
Summary
The Centa-City Leading Index (CCL) for Hong Kong's secondary property market rose to 162.16 points, up approximately 0.64 percent week-over-week, according to data compiled by Midland Realty's research division . This marks the second consecutive week of gains totaling approximately 1.46 percent, with the index reaching its highest level since late August 2023, a span of 155 weeks or nearly three years . The year-to-date increase stands at approximately 12.53 percent, though current levels remain approximately 15.25 percent below the historical peak of 191.34 points recorded in August 2021 .
Key Points
- The CCL Mass index for large housing estates rose to 163.29 points, up approximately 0.72 percent week-over-week, while the CCL for中小型單位 (small and medium-sized units) climbed to 161.94 points
- The CCL for大型單位 (large units) reached 163.28 points, up 0.5 percent for its third consecutive weekly gain, accumulating a 2.75 percent increase over three weeks
- Property prices in three of four regions rose: New Territories East led with a 2.67 percent weekly jump to 180.01 points, its largest gain in 29 weeks since late January 2026
- Kowloon's CCL Mass index rose 0.98 percent to 159.99 points, ending a three-week declining streak, while New Territories West added 0.14 percent to 143.79 points
- Hong Kong Island was the sole region to decline, falling 0.57 percent to 166.28 points, though it remained the second-highest level in 158 weeks after jumping over 3 percent the previous week
Why It Matters
The sustained upward trajectory in Hong Kong's secondary property market reflects growing buyer confidence amid a wave of new project launches, though this has created a tug-of-war dynamic where sellers hold firm or even withdraw properties from sale . Yang Ming-yi, senior joint managing director at Midland Realty's research division, noted that buyers seeking specific properties must now offer above asking prices to secure deals, suggesting price momentum may continue but at a moderating pace .
The sustained upward trajectory in Hong Kong's secondary property market reflects growing buyer confidence amid a wave of new project launches, though this has created a tug-of-war dynamic where sellers hold firm or even withdraw properties from sale . Yang Ming-yi, senior joint managing director at Midland Realty's research division, noted that buyers seeking specific properties must now offer above asking prices to secure deals, suggesting price momentum may continue but at a moderating pace .