In "Hong Kong Property," the CCL from Centaline rose by 0.64% week-on-week, reaching a nearly two-year high

Yang Ming-yi, Senior Co-Director of the Research Department at Centaline Property, pointed out that the latest Centaline City Leading Index (CCL) is reported at 146.47 points, up 0.64% week-on-week, reflecting the market conditions of the week when 213 units from the first round of price list sale of West Sands SIERRA SEA Phase 2A were sold out on January 10. The Hong Kong stock market is performing well, banks are actively offering mortgage discounts, and the sales of large new developments are hot, all of which are favorable for the property market. The CCL has risen for 2 consecutive weeks, totaling 1.27%, reaching a new high in 91 weeks (nearly 2 years) since the end of April 2024. With the early onset of the Lunar New Year peak season, the transaction volume of second-hand properties has increased, and the number of attractive listings in the market has gradually decreased. It is believed that short-term property prices will trend upwards, and the CCL is expected to break through the 147-point level (the high after the withdrawal of stimulus measures in 2024) before the Lunar New Year, needing to rise by just 0.53 points or 0.36% to achieve this.

Since the interest rate fell in May 2025, property prices have clearly reversed and started to rebound. Coupled with the two interest rate cuts by local banks last year, the CCL has risen 8.37% from the low of 135.16 points during the week when the interest rate peaked in May last year. The CCL has increased by 8.58% from the low of 134.89 points before the budget in March 2025, and by 7.81% from the low of 135.86 points before the first interest rate cut in September 2024, while it has decreased by 23.45% from the historical high of 191.34 points in August 2021. On January 28 and February 1, 165 units from the first round of price list sale of West Sands SIERRA SEA Phase 2B were sold out, and 350 units from the second round were sold, with the Hang Seng Index reaching a new high in over 4 and a half years. On the 29th, both U.S. and Hong Kong banks maintained interest rates, and the impact on local second-hand property prices will only begin to reflect in the CCL announced in late February 2026.

The CCL Mass for large residential estates reported 148.05 points, up 1.04% week-on-week. The CCL (small and medium-sized units) reported 146.78 points, up 0.91% week-on-week. Both CCL Mass and CCL (small and medium-sized units) have risen for 2 weeks, with cumulative increases of 1.67% and 1.46%, respectively, reaching new highs in 109 weeks (over 2 years) since the end of December 2023. The CCL (large units) reported 144.86 points, down 0.72% week-on-week, ending a 2-week upward trend, but the index remains the 4th highest in 78 weeks (nearly 1 and a half years) since the end of July 2024.

Property prices in the four districts have seen three increases and one decrease over the past 2 weeks, with significant weekly increases in two districts of the New Territories. The CCL_Mass for New Territories East reported 159.82 points, up 2.76% week-on-week, the largest increase in 17 weeks, with a cumulative increase of 3.40% over 2 weeks, reaching the second highest level in 91 weeks (nearly 2 years) since the end of April 2024. The CCL_Mass for New Territories West reported 135.69 points, up 2.59% week-on-week, the largest increase in 9 weeks, reaching a new high in 95 weeks (nearly 2 years) since the end of March 2024 The Kowloon CCL_Mass reported 146.36 points, up 0.29% week-on-week, marking a 1.03% increase over two consecutive weeks, with the index reaching its highest level in 114 weeks (over 2 years) since mid-November 2023. The Hong Kong Island CCL_Mass reported 145.68 points, down 0.57% week-on-week, softening after four consecutive weeks of increase, with the index still being the highest in 89 weeks (nearly 2 years) since mid-May 2024.

As of 2026, the CCL has temporarily increased by 1.64%, CCL Mass has risen by 1.98%, CCL (small and medium-sized units) has increased by 1.85%, CCL (large units) has risen by 0.53%, Hong Kong Island has increased by 3.94%, Kowloon has risen by 1.13%, New Territories East has increased by 0.76%, and New Territories West has risen by 2.23%