In the "Hong Kong Property" report, the Centaline City Leading Index (CCL) slightly fell by 0.11% week-on-week, while property prices in the first quarter have temporarily risen by 4.7%

Yang Mingyi, Senior Co-Director of the Research Department at Centaline Property, pointed out that the latest Centaline City Leading Index (CCL) is reported at 150.88 points, a slight weekly decline of 0.11%. This reflects the market situation during the week when tensions in the Middle East escalated, causing the Hang Seng Index to fall for three consecutive days, accumulating a drop of over 1,380 points. With fluctuations in the financial market, Hong Kong property prices softened after two weeks of increases, but the index remains at its second-highest level in 121 weeks (over two years) since the end of November 2023, staying above 150 points for three consecutive weeks. After the Lunar New Year, second-hand owners are holding back on pricing, while several new developments have seen enthusiastic sales. Additionally, the decline in interbank rates and banks launching mortgage incentive plans are favorable for short-term property prices to continue rising.

As of the announcement date, the CCL for the first quarter of 2026 has temporarily increased by 4.70%, CCL Mass rose by 5.00%, CCL (small and medium-sized units) increased by 4.71%, and CCL (large units) rose by 4.61%. On Hong Kong Island, prices increased by 9.50%, Kowloon by 3.66%, New Territories East by 3.61%, and New Territories West by 3.54%. The price increase on Hong Kong Island significantly outperformed the market, while last year, property prices on Hong Kong Island only rose by 1.15%, the smallest increase among the eight major indices, hence this year shows a catch-up situation. The target for the second quarter CCL is 156 points (the low before the 2023 border reopening), requiring an increase of just 5.12 points or 3.39% to reach.

Since the decline in interbank rates in May 2025, property prices have seen a bottoming out and rebound. Coupled with two interest rate cuts by local banks last year, the CCL has increased by 11.63% compared to the low of 135.16 points during the week when the interest rate peaked in May last year. The CCL has risen by 11.85% from the low of 134.89 points before the budget in March 2025, and by 11.06% from the low of 135.86 points before the first interest rate cut in September 2024, while it has dropped by 21.15% from the historical high of 191.34 points in August 2021. On March 23, Hong Kong stocks fell below the 25,000-point mark, and the Hong Kong dollar one-month interbank rate dropped to 1.95%. On the 26th, small and medium-sized banks launched H+0.6 mortgage plans, and on the 27th, 122 units were put on sale at the Mong Kok Yingju project. The first round price of 100 units was released at Wong Tai Sin's Huichun, and on the 28th, 123 units were sold at Hung Hom's Shunhui. The second round price of 93 units was released at Deep Water South, Hong Kong Island South Coast's DEEP WATER SOUTH Phase 6A. The impact on local second-hand property prices will only begin to reflect in the CCL announced in mid-April 2026.

The CCL Mass for large housing estates is reported at 152.44 points, a weekly decline of 0.21%. The CCL (small and medium-sized units) is reported at 150.91 points, a weekly decline of 0.15%. Both CCL Mass and CCL (small and medium-sized units) softened after two consecutive weeks of increases, but both remain at their second-highest levels in 123 weeks (over 2 years) since mid-November 2023. The CCL (large units) is reported at 150.75 points, a weekly increase of 0.21%, rising for three consecutive weeks for a total of 0.77%, reaching a new high in 100 weeks (nearly 2 years) since the end of April 2024 In the four districts, two saw price increases while two experienced declines. Kowloon CCL_Mass reported 150.02 points, down 1.02% week-on-week, remaining the 7th highest in 128 weeks (nearly 2.5 years) since early October 2023. New Territories West CCL_Mass reported 137.43 points, down 0.51% week-on-week, ending a 3-week streak of increases, still the second highest in 115 weeks (over 2 years) since early January 2024. New Territories East CCL_Mass reported 164.34 points, up 0.23% week-on-week, marking a 3-week increase totaling 3.61%, reaching a new high in 119 weeks (over 2 years) since early December 2023. Hong Kong Island CCL_Mass reported 153.48 points, up 0.91% week-on-week, reaching a new high in 123 weeks (over 2 years) since mid-November 2023