In the "Hong Kong Property" report, the CCL from Centaline Property slightly fell by 0.03% week-on-week, stabilizing above 149 points for four consecutive weeks

The Central Plains City Leading Index (CCL) latest reported at 149.36 points, with a slight weekly decline of 0.03%. Yang Ming-yi, Senior Co-Director of the Research Department at Central Plains Real Estate, indicated that the data reflects the residential land grant in Ngau Tau Kok Choi Ha Road on February 10, the bid closing for residential land on Shau Kei Wan East Street on the 13th, and the market conditions in the week before the Lunar New Year holiday. As the Lunar New Year holiday approaches, some buyers are accelerating their entry into the market for good deals. After rising for five consecutive weeks, the CCL has slightly softened, but the index has remained stable above 149 points for four consecutive weeks. Recently, the worsening situation in the Middle East has caused stock market fluctuations, but it has not hindered the property market from entering the traditional seasonal peak after the Lunar New Year, with an increase in secondary market transactions and several new projects preparing for sale. It is believed that property prices will continue to rise. The target for the CCL is 156 points (which is the low before the reopening in 2023), currently 6.64 points or 4.45% away.

Since the interest rate cut in May 2025, property prices have shown signs of bottoming out and rebounding. Coupled with two interest rate cuts by local banks last year, the CCL has risen 10.51% compared to the low of 135.16 points during the week of the peak interest rate in May last year. The CCL has risen 10.73% from the low of 134.89 points before the budget in March 2025, and 9.94% from the low of 135.86 points before the first interest rate cut in September 2024, while it has fallen 21.94% from the historical high of 191.34 points in August 2021. On March 2, as tensions in the Middle East escalated and financial markets fluctuated, Hang Seng Bank launched a fixed-rate mortgage plan. On the 3rd, the first price list for 154 units and 30 units was announced for the Upper Water Cloud and Tsim Sha Tsui Zhenyue, while 48 units were put up for tender at Kennedy Town Hoi Yu. On the 4th, the Hang Seng Index fell for three consecutive days, accumulating a drop of over 1,380 points. On the 5th, the first price list for 50 units was announced for Tsim Sha Tsui Yu Yi, and the impact on local secondary property prices will only begin to be reflected in the CCL announced at the end of March.

The Central Plains City Large Estate Leading Index (CCL Mass) reported at 150.47 points, with a weekly decline of 0.13%. The CCL (small and medium-sized units) reported at 149.31 points, with a weekly decline of 0.02%. After rising for five weeks, both CCL Mass and CCL (small and medium-sized units) have slightly softened, still the second highest in 117 weeks (over 2 years) since early December 2023. The CCL (large units) reported at 149.60 points, with a weekly decline of 0.09%, falling for two consecutive weeks for a total of 0.19%, still the third highest in 95 weeks (nearly 2 years) since early May 2024.

Property prices in four districts have risen once and fallen three times for two consecutive weeks. The CCL_Mass for Hong Kong Island reported at 148.41 points, with a weekly decline of 1.55%, ending a two-week rise, still the second highest in 98 weeks (nearly 2 years) since mid-April 2024. The CCL_Mass for New Territories East reported at 158.62 points, with a weekly decline of 0.5%, falling for three consecutive weeks for a total of 1.03%, still the eighth highest in 96 weeks (nearly 2 years) since late April 2024. The CCL_Mass for Kowloon reported at 151.03 points, with a weekly decline of 0.1%, falling for two consecutive weeks for a total of 0.13%, still the third highest in 128 weeks (nearly 2 and a half years) since mid-September 2023 The New Territories West CCL_Mass reported 136.86 points, up 1.66% week-on-week, reaching a new high in 112 weeks (over 2 years) since early January 2024.

For 2026, the CCL has temporarily increased by 3.64%, CCL Mass rose by 3.64%, CCL (small and medium units) rose by 3.6%, CCL (large units) rose by 3.82%, Hong Kong Island rose by 5.89%, Kowloon rose by 4.35%, New Territories East remained unchanged, and New Territories West rose by 3.11%