The Centaline Property Valuation Index (major banks) CVI has fallen for two consecutive weeks, remaining above 80 points

Yang Mingyi, Senior Co-Director of the Research Department at Centaline Property, pointed out that this week the CVI reported 85.14 points, down 0.87 points from last week's 86.01 points, marking a decline for two consecutive weeks totaling 1.57 points. The government's increase in stamp duty on luxury homes priced over HKD 100 million, along with escalating military conflicts in the Middle East causing significant stock market fluctuations, has led to a softening of the CVI trend. However, it remains above 80 points for five consecutive weeks and has stabilized above 60 points for 23 weeks, indicating that the short-term upward trend in property prices remains unchanged.

With major banks launching fixed-rate mortgage plans to attract customers and several new developments being sold, the market response has been enthusiastic. Additionally, recent declines in interbank rates to near 2% levels have reduced funding costs, and banks maintain a positive and optimistic stance on mortgages. Centaline believes that the CVI will continue to hold steady at the 80-point level.

The latest CCL reported 149.36 points, an increase of 10.51% from the low of 135.16 points during the week when the H mortgage rate fell below the capped rate in May 2025. After the budget relaxed stamp duties, it rose by 10.73%, and compared to the low of 135.86 points before the interest rate cut cycle, it has increased by 9.94%. Property prices in 2026 have temporarily risen by 3.64%