Hong Kong Secondary Property Index Rises 0.82%, Hitting Near 3-Year High
On.cc · 1 SOURCESabout 1 hour ago2 MIN
Summary
The Centa-City Leading Index (CCL) climbed to 161.13 points this week, marking a 0.82% increase from the previous week and the highest level in nearly three years since early September 2023. Despite this recovery after two consecutive weeks of decline, the index remains 15.8% below the historical peak of 191.34 points recorded in August 2021. Property prices have been rising for over a year, accumulating gains of nearly 20%, though secondary market buyers are becoming more cautious amid consolidation at elevated levels.
Key Points
- The CCL rose to 161.13 points, up approximately 0.82% week-over-week, marking the highest reading in 153 weeks since early September 2023 .
- The index has gained 11.81% year-to-date in 2026, though it remains 15.8% below the August 2021 historical high of 191.34 points .
- CCL Mass (large housing estates) increased to 162.15 points, while CCL (small and medium units) rose to 160.87 points, both ending two-week declining streaks .
- Hong Kong Island led the regional gains with a 3.44% weekly surge, the largest increase in 44 weeks, while New Territories East fell 0.92% .
- Yang Mingyi from Centaline Property Research noted that despite rising prices for over a year, secondary market buyers are becoming more conservative, with transactions slowing as prices consolidate at high levels .
Why It Matters
For Hong Kong property market participants, the continued resilience of the CCL indicates that demand remains solid despite stretched affordability, though the cooling transaction volumes suggest buyers are adopting a wait-and-see approach. The index's approach toward the 165-point target could influence policy discussions around mortgage stress and housing accessibility in the city.
For Hong Kong property market participants, the continued resilience of the CCL indicates that demand remains solid despite stretched affordability, though the cooling transaction volumes suggest buyers are adopting a wait-and-see approach. The index's approach toward the 165-point target could influence policy discussions around mortgage stress and housing accessibility in the city.