CCL slips as secondary home prices stay rangebound
AM730 · 1 SOURCES1 day ago5 MIN
Summary
Hong Kong’s secondary home market remained under pressure as the Centa-City Leading Index, or CCL, fell 0.59% week on week to 161.17. Centaline Property’s research department said heavy primary-market launches have siphoned off demand, while the broader market is still caught between supportive mortgage incentives and external uncertainties including US rate moves, Middle East tensions and a pullback in local equities. The index has moved narrowly between 161 and 162 for seven straight weeks, and Centaline said the sideways price pattern has not changed. It added that the CCL target of 165 points is now likely to be delayed until the fourth quarter, with the latest reading still 3.83 points, or 2.38%, below that level.
Key Points
- The latest CCL stood at 161.17, down 0.59% from a week earlier, and remained the sixth-highest reading in 159 weeks since early September 2023.
- Senior associate director of research Wong Ming-yee (楊明儀) said primary projects are absorbing buying power, leaving the secondary market under pressure and in a wait-and-see standoff.
- New Territories East CCL Mass fell 1.67% to 171.18, extending losses to five weeks and 4.91% in total, the lowest in 16 weeks since late May.
- Among the four districts, Hong Kong Island rose 0.6% to 165.11, while Kowloon fell 0.87%, New Territories West dropped 0.77%, and New Territories East declined 1.67%.
- For 2026 so far, CCL has risen 11.84%, with Hong Kong Island up 17.8%, Kowloon up 10.45%, New Territories East up 7.92%, and New Territories West up 9.91%.
Why It Matters
For Hong Kong buyers and owners, the data suggests lower borrowing costs and richer mortgage rebates have not yet translated into a broad-based secondary-market rebound because new launches are competing directly for demand. The continued sideways movement also means sellers may find it harder to push prices higher in the near term, especially in weaker districts such as New Territories East.