In the "Hong Kong Property" Centaline Valuation Index (major banks) CVI fell by 0.7 points weekly, indicating that the direction of property prices remains unchanged

Yang Ming-yi, Senior Co-Director of the Research Department at Centaline Property, pointed out that this week, the Centaline Valuation Index (Major Banks) CVI reported 86.01 points, down 0.7 points from last week's 86.71 points, reflecting the valuation sentiment during the week of the budget announcement. The budget proposal raised the stamp duty on luxury homes priced over HKD 100 million to a maximum of 6.5%, causing the CVI to slightly retreat after two weeks of consecutive increases at a high level. However, the index has remained above 60 points for 22 consecutive weeks in the optimistic zone, and has stayed above 80 points for the past four weeks, indicating that the upward trend in property prices remains unchanged.

Yang Ming-yi believes that the ongoing tensions in the Middle East have led to a cumulative drop of over 1,300 points in the Hang Seng Index, followed by a rebound. Developers are actively preparing to launch new projects, and the market atmosphere remains robust, suggesting that the CVI will continue to maintain its position in the optimistic zone