In the "Hong Kong Property" report, the CCL from Centaline rose by 0.63% week-on-week to 145.54 points, reaching a new high in over a year and a half

The Central Plains City Leading Index (CCL) latest reported at 145.54 points, up 0.63% week-on-week, reaching the highest level in 88 weeks (over 1.5 years) since mid-May 2024. Yang Ming-yi, Senior Co-Director of the Research Department at Central Plains Real Estate, stated that the data reflects the market conditions during the week when the first price list for the second phase of West Sands SIERRA SEA was announced on December 30 last year. Since December, the CCL has risen for two weeks and then fallen for one week, showing a fluctuating upward trend in property prices, with a cumulative increase of 0.99% in property prices expected by 2026. After the Christmas holidays, large new developments were launched, and the market response was enthusiastic, with several rounds of additional launches selling out on the same day. Additionally, high-quality second-hand properties were quickly consumed, leading buyers to start accepting price increases from owners, sustaining the upward momentum in property prices. Recently, new property sales have been ideal, and banks are actively offering mortgage incentives, creating a lively atmosphere in the property market, with an increase in second-hand transactions, potentially leading to an early peak in the spring market. The CCL may be expected to break through the 147-point level before the spring festival, currently only 1.46 points or 1% away.

In May 2025, the interbank borrowing rate fell, and property prices clearly reversed to bottom out and rise again. Coupled with two interest rate cuts by local banks last year to stimulate the market, the CCL has risen 7.68% from the low of 135.16 points during the week when the interest rate peaked in May last year. Additionally, the CCL has risen 7.9% from the low of 134.89 points before the March 2025 budget, and 7.12% from the low of 135.86 points before the first interest rate cut in September 2024, while it has fallen 23.94% from the historical high of 191.34 points in August 2021. On January 21, the third round of price list sales for the second phase of West Sands SIERRA SEA sold out 218 units, and on the 22nd, the first price list for the second phase B of West Sands SIERRA SEA announced 155 units. Two units at Central's Aiyingfeng were sold at auction, and on the 23rd, 60 units were sold in the first round of price lists at North Point's Jiaju? Tin Hau. The impact on local second-hand property prices will only begin to be reflected in the CCL announced in mid-February 2026.

The Central Plains City Large Housing Estate Leading Index (CCL Mass) reported at 146.53 points, up 0.62% week-on-week. The CCL (small and medium-sized units) reported at 145.46 points, up 0.55% week-on-week. Both CCL Mass and CCL (small and medium-sized units) reached the highest level in 88 weeks (over 1.5 years) since mid-May 2024. The CCL (large units) reported at 145.91 points, up 1.06%, marking a cumulative increase of 1.29% over two consecutive weeks, reaching a new high in 83 weeks (over 1.5 years) since mid-June 2024.

Property prices in four districts saw three increases and one decrease. The CCL_Mass for Hong Kong Island reported at 146.52 points, up 2.82%, the largest increase in five weeks, with a cumulative increase of 5.11% over four consecutive weeks, reaching a new high in 91 weeks (nearly 2 years) since the end of April 2024. The CCL_Mass for Kowloon reported at 145.93 points, up 0.73%, reaching the second highest level in 112 weeks (over 2 years) since the end of November 2023 The New Territories East CCL_Mass reported 155.53 points, up 0.62% week-on-week, rebounding after a drop of over 3% last week. The New Territories West CCL_Mass reported 132.27 points, down 1.77% week-on-week, marking the largest decline in 7 weeks, ending a 2-week consecutive rise. The index remains the 7th highest in 82 weeks (over 1.5 years) since the end of June 2024