CCL Rebounds to Near Three-Year High as Hong Kong Island Jumps
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong’s secondary home price trend turned upward again, with the Centa-City Leading Index (CCL) rising 0.82% week on week to 161.13 after two consecutive weekly declines.
Centaline Property Research senior associate director Wong Ming-yee said the first week after the World Cup ended saw solid primary sales and a rebound in Hong Kong stocks, helping lift market sentiment and pushing the index above 161 points to its highest level since early September 2023.
She added that home prices have already risen for more than a year, gaining nearly 20% in total, so secondary buyers are becoming more conservative and transactions are slowing, with prices likely to consolidate at high levels in the short term.
Even so, Centaline believes the upward direction remains intact, though gains may moderate, and said the CCL’s next target is 165 points, 3.87 points or 2.4% above the latest reading, which may not be reached until the later part of the third quarter.
Key Points
- Since interbank rates fell in May 2025, home prices have reversed from a bottom, and the CCL has climbed 19.21% from last May’s 135.16 low.
- The latest CCL is up 19.45% from the 134.89 low before the March 2025 Budget, but remains 15.79% below August 2021’s record 191.34.
- Among four regions, Hong Kong Island’s CCL Mass jumped 3.44% to 167.24, the biggest weekly rise in 44 weeks and a more than three-year high.
- New Territories West rose 0.62% to 143.59, while Kowloon fell 0.49% to 158.43 and New Territories East dropped 0.92% to 175.33.
- CCL Mass rose 0.65% to 162.15, small and medium flats gained 0.68% to 160.87, and large units advanced 1.57% to 162.47.
Why It Matters
For Hong Kong buyers and owners, the data points to a market that is still recovering, but with momentum becoming more uneven across districts and flat sizes.
The combination of strong new-launch sales, lower borrowing costs and slower secondary transactions suggests competition between the primary and secondary markets will remain a key factor in price moves through the coming quarter.