In the "Hong Kong Property" Central China Valuation Index (major banks) CVI fell weekly to 80.24 points, approaching the low valuation rebound of all CCL estates

Yang Mingyi, Senior Co-Director of the Research Department at Centaline Property, pointed out that this week, the Centaline Valuation Index (major banks) CVI reported 80.24 points, down 4.2 points from last week's 84.44 points. The situation in the Middle East remains tense, and the Hong Kong stock market has fallen below the 25,000-point mark, causing the CVI to soften. However, it has remained above 80 points for eight consecutive weeks and has stabilized above 60 points for 26 weeks, reflecting a positive and optimistic attitude from banks, indicating that the upward trend in property prices remains unchanged. The property market atmosphere is active, with ideal sales of new developments and an increase in second-hand transactions. Additionally, with the interest rate on interbank loans being lowered and once dropping below 2%, banks have also launched various mortgage incentive plans to compete for mortgage business. It is believed that the CVI can maintain the 80-point level. The latest CCL reported 150.88 points, an increase of 11.63% from the low of 135.16 points during the week when the H mortgage interest rate fell below the cap in May 2025, with a cumulative increase of 4.7% for 2026.

Among the 143 sample units of CCL component estates evaluated by major local banks, compared to the end of June 2025, by the end of March 2026, 142 estates (99.3%) have successfully rebounded from their low valuations, with only one estate experiencing a slight downward adjustment. The proportion of rising estates has increased for two consecutive quarters, further approaching 100% by the end of March this year, compared to 93% at the end of December last year and 62.9% at the end of September, reflecting a continuous rise in property prices, with bank valuations also being continuously adjusted upwards. There are 32 estates that recorded a valuation rebound of over 15%, with 10 in Hong Kong Island (25% of the number of estates in the same district), 9 in Kowloon (22.5%), 8 in New Territories West (23.5%), and 5 in New Territories East (17.2%).

Among the 121 large component estates, the major increases of nearly 20% or more in valuations by the end of March this year compared to the low at the end of June last year are mainly concentrated in sample units from estates in Hong Kong Island, including Block A, Middle Floor, 19, Biyau Bay (906 sq ft) up 26.01%, Block B, Middle Floor, Phase 4, Ocean Park (30 blocks) up 23.55%, Block A, Lower Floor, 1, Hongdu (651 sq ft) up 21.16%, Block F, Middle Floor, 2, Jinchengfeng (374 sq ft) up 20.56%, and Block J, Middle Floor, 2, Dihao Huating (393 sq ft) up 19.94%. The sample units in Tai Po Centre in New Territories East, Victoria Harbour in Kowloon, Yujing New Town in New Territories West, and Lvyang New Village have seen valuations rise between 19.6% and 22.19%.

Among the 22 luxury component estates, there are 2 estates in both Hong Kong Island and Kowloon with valuation increases exceeding 15%. The top two highest increases are both in Hong Kong Island, including Unit B, High Floor, Block 2, Beishawan (1,366 sq ft) up 19.99% and Unit C, Lower Floor, Block 1, Juxianju (809 sq ft) up 19.26%. It is worth noting that by the end of March 2026, there is one luxury estate whose valuation is still below the level at the end of June last year, which is Unit B, Middle Floor, Block 1, Jiayuntai (1,811 sq ft), with a slight decrease of 0.12%