In the "Hong Kong Property" report, the Centaline Property Agent Index CSI (Residential Selling Price) rose by 1.2 points weekly, marking seven consecutive weeks of increase

Yang Mingyi, Senior Co-Director of the Research Department at Centaline Property, pointed out that the CSI (Residential Price Index) latest reported 70.24 points, an increase of 1.2 points from last week. The CSI has risen for 7 consecutive weeks, totaling 8.05 points, and has once again surpassed 70 points for the first time in over four and a half years since July 2021, indicating a further thriving atmosphere in the property market before the Lunar New Year. The index has remained above the optimistic zone of 55 points for 24 consecutive weeks, marking the longest record since December 2021, suggesting a continued upward trend in property prices. If the CSI stabilizes above 70 points in the first quarter, the upward momentum in property prices may accelerate.

The CSI (Residential Rent Index) reported 66.41 points, remaining flat week-on-week, reaching a new high not seen in over four and a half years since mid-August 2021. The index has stabilized above 60 points for 14 consecutive weeks, and it is expected that residential rents will remain high after the Lunar New Year holiday.

In terms of retail shops, the CSI (Retail Shop Price Index) reported 42.42 points, an increase of 1.84 points week-on-week. The CSI (Retail Shop Rent Index) reported 41.04 points, an increase of 0.6 points week-on-week. With the Lunar New Year approaching, retail activity is becoming more vibrant, stimulating an increase in both rent and sale indices; however, they remain within the 40-point boundary, indicating that the retail shop sales and rental market still lack the momentum to break out of the sideways trend.

For industrial buildings, the CSI (Industrial Building Price Index) reported 45.16 points, an increase of 2.85 points week-on-week. The CSI (Industrial Building Rent Index) reported 49.19 points, an increase of 4.41 points week-on-week. The rent and sale indices have hovered above 40 points for 17 and 13 consecutive weeks, respectively, showing signs of an upward trend, with the rent index approaching 50 points, suggesting that the rental trend for industrial buildings may be bottoming out.

In the office sector, the CSI (Office Price Index) reported 37.78 points, an increase of 3 points week-on-week. The CSI (Office Rent Index) reported 36.67 points, an increase of 1.89 points week-on-week. The rent and sale indices have surpassed 35 points, indicating some improvement in the office market; however, it still remains in a long-term pessimistic zone, with expectations that the office sales and rental market will test the lower limit of the 40-point boundary in the first quarter of this year