Greater Bay Area Property Index Drops 0.3% in July, Ending Five-Month Rally
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
The July 2026 Centaline Greater Bay Area Property Index fell to 93.02 points, down 0.3 percent month-on-month, ending a five-month consecutive rise streak despite remaining the second highest in 13 months . Among the 12 city indices, seven posted gains ranging from 0.15 to 1.23 percent, while five declined between 0.3 and 1.37 percent . Guangzhou was the only city to record an increase, rising 0.52 percent and ending its three-month decline .
Key Points
- The July 2026 Centaline Greater Bay Area Index stood at 93.02 points, the first monthly decline in six months
- Seven of 12 city indices posted gains (0.15%-1.23%), while five declined (0.3%-1.37%)
- Guangzhou ended its three-month downturn with a 0.52 percent rise, despite second-hand transaction volume falling below 9,000 units to 8,658
- Shenzhen's index fell 0.62 percent for two consecutive months, with second-hand transactions at 4,795 units, down 6 percent month-on-month
- Hong Kong recorded its first decline this year, dropping 0.45 percent in index terms but rising 0.2 percent when measured in Hong Kong dollars
- Chen Yongjie, Vice Chairman of Centaline Property Asia Pacific and President of the Residential Division, noted that State Council's 15th Five-Year Plan repositioned housing from "housing is for living, not speculation" to "stabilising housing prices"
Why It Matters
The index's pullback signals a temporary consolidation phase for Greater Bay Area property markets, as extreme weather in July dampened viewing activity across the region . Looking ahead, multiple large-scale new development launches in August, particularly in southwest Kowloon with competitive pricing, are expected to reignite buyer interest and drive the market toward fresh highs .
The index's pullback signals a temporary consolidation phase for Greater Bay Area property markets, as extreme weather in July dampened viewing activity across the region . Looking ahead, multiple large-scale new development launches in August, particularly in southwest Kowloon with competitive pricing, are expected to reignite buyer interest and drive the market toward fresh highs .