Hong Kong Secondary Property Index Drops 0.38% Weekly, Ending Two-Week Rally
On.cc · 1 SOURCESabout 1 hour ago2 MIN
Summary
The Centa-City Leading Index (CCL) published by Centaline Property Agency fell to 161.54 points this week, down approximately 0.38% from the previous week, ending a two-week winning streak . Despite the decline, the index maintained its position above 161 points for the third consecutive week, standing as the second-highest reading in 155 weeks since early September 2023 . The current reading remains approximately 15% below the historical peak of 191.34 points recorded in August 2021 .
Key Points
- The CCL Mass covering large housing estates dropped to 162.57 points, down approximately 0.52% week-over-week
- The CCL (Small and Medium Units) index fell to 161.27 points, representing a 0.50% weekly decline
- Hong Kong Island recorded the steepest decline among all regions, with CCL Mass dropping 1.51% to 163.77 points
- New Territories West was the sole region showing gains, rising 0.21% to 144.09 points for its third consecutive weekly increase
- Year-to-date 2026, the overall CCL has accumulated gains of approximately 12.09% across all segments
Why It Matters
The weekly pullback reflects continued tug-of-war between buyers and sellers in Hong Kong's secondary property market, driven by brisk new project sales and shrinking inventory in the resale market . While a major bank has raised fixed mortgage rates by a modest amount, the rates remain lower than HIBOR-linked mortgages, supporting continued upward momentum for property prices in the near term .
The weekly pullback reflects continued tug-of-war between buyers and sellers in Hong Kong's secondary property market, driven by brisk new project sales and shrinking inventory in the resale market . While a major bank has raised fixed mortgage rates by a modest amount, the rates remain lower than HIBOR-linked mortgages, supporting continued upward momentum for property prices in the near term .