In the "Hong Kong Property" report, the Centaline City Leading Index (CCL) has risen above 150 points, reaching a two-year high, with a cumulative increase of 4.3% for the year

The Central Plains City Leading Index (CCL) latest reported at 150.3 points, rising 0.63% week-on-week. Yang Mingyi, Senior Co-Director of the Research Department at Central Plains Real Estate, indicated that the data reflects the market conditions during the week of the Lunar New Year holiday from February 17 to 19. The atmosphere in the property market is vibrant, with a large number of new listings consumed before the Lunar New Year, leading owners to withdraw listings and raise prices, prompting buyers to chase prices into the market, which stimulated the CCL to rise above 150 points, reaching a new high of 118 weeks (over two years) since early December 2023. Following the Lunar New Year, the market remains strong, with developers launching multiple new projects that have received positive responses, benefiting the trend of second-hand property prices. It is believed that the upward momentum of the CCL will continue, aiming for a target level of 156 points (the low before the 2023 reopening), requiring an additional rise of 5.7 points or 3.79%, expected to be reached in the second quarter.

Since the interest rate cut in May 2025, property prices have turned around and begun to rebound. Coupled with two interest rate cuts by local banks last year, the CCL has risen 11.2% from the low of 135.16 points during the peak interest week in May last year. The CCL has increased 11.42% from the low of 134.89 points before the March 2025 budget, and 10.63% from the low of 135.86 points before the first interest rate cut in September 2024, while it has dropped 21.45% from the historical high of 191.34 points in August 2021. On March 10, the U.S. hinted that the war in Iraq might end soon, and on the 11th, the price list for 64 units at Tsim Sha Tsui's Zhenyue was sold out on the same day. The first round of bidding for 50 units at Grande Blanc, Phase 6B of Deep Water South in Wong Chuk Hang, sold 8 units in one day. On the 14th, the first round price lists for 160 units at Tsim Sha Tsui's Yuyi and 200 units at Sheung Shui's Yunxiang will begin to reflect their impact on local second-hand property prices in the CCL, which will be announced in early April 2026.

The Central Plains City Large Estate Leading Index (CCL Mass) reported at 151.83 points, rising 0.9% week-on-week. The CCL (small and medium-sized units) reported at 150.36 points, rising 0.7% week-on-week. Both CCL Mass and CCL (small and medium-sized units) reached new highs for 120 weeks (over 2 years) since mid-November 2023. The CCL (large units) reported at 150.01 points, rising 0.27% week-on-week, ending a two-week decline, with the index reaching a new high for 98 weeks (nearly 2 years) since late April 2024.

Property prices in four districts saw three rises and one drop. The CCL_Mass for Hong Kong Island reported at 152.66 points, rising 2.86% week-on-week, the largest increase since early October 2025, with the index reaching a new high for 121 weeks (over 2 years) since mid-November 2023. The CCL_Mass for East New Territories reported at 162 points, rising 2.13%, rebounding after three weeks of decline, with the index reaching a new high for 116 weeks (over 2 years) since mid-December 2023. The CCL_Mass for West New Territories reported at 136.88 points, slightly rising 0.01%, with a total increase of 1.68% over two consecutive weeks, reaching a new high for 113 weeks (over 2 years) since early January 2024 The Kowloon CCL_Mass reported 150.35 points, down 0.45% week-on-week, marking a total decline of 0.58% over three consecutive weeks. The index remains the 5th highest in the past 126 weeks (nearly 2.5 years) since early October 2023.

For 2026, the CCL has temporarily increased by 4.3%, CCL Mass has risen by 4.58%, CCL (small and medium-sized units) has increased by 4.33%, CCL (large units) has risen by 4.10%, Hong Kong Island has increased by 8.92%, Kowloon has risen by 3.88%, New Territories East has increased by 2.13%, and New Territories West has risen by 3.13%.

The index announced today (13th) is based on transactions calculated from formal sale and purchase agreements signed by the Centaline Property Group between March 2 and March 8, 2026. Nearly 40% of the transactions were temporary sale and purchase agreements signed between February 16 and February 22, 2026, including a residential site on Shau Kei Wan East Street awarded for over HKD 1.38 billion, during the market conditions of the Chinese New Year holiday week from February 17 to 19