Central Plains: CCL's latest report is 143.56 points, down 1% on a weekly basis, and the target for the first quarter of next year is 147 points

The Zhitong Finance App learned that the Central Plains City Leading Index CCL recently reported 143.56 points, down 1% from week to week. Yang Mingyi, senior co-director of the Central Plains Real Estate Research Department, pointed out that CCL weakened after 2 weeks of continuous rise, but stabilized at 143 points, and the index was still 80 weeks high after the beginning of June 2024. As property prices in Hong Kong rise and landlords rise, buyers need time to adapt. Coupled with Christmas approaching, the second-hand market situation has begun to enter a tug-of-war situation. CCL has fluctuated narrowly between 143 and 145 points for 5 consecutive weeks.

Yeung Ming-yee believes that the atmosphere in the property market has remained positive, and the short-term direction of rising property prices has not changed. The target for the first quarter of 2026 is 147 points, which is the high level after the withdrawal of Spain in 2024. CCL is currently 3.44 points or 2.4% away.

Interest rates in Hong Kong fell back in May 2025, and property prices bottomed out. CCL rose 6.21% from May H interest rate once again falling below the low of 135.16 points in the week of peak interest rate, and property prices temporarily increased 4.3% in 2025. The index rose 6.43% from the low of 134.89 points before the March 2025 financial plan, 5.67% higher than the 135.86 point low before the first interest rate cut in September 2024, and down 24.97% from the historical high of 191.34 points in August 2021.

The leading index for large housing estates in the Central Plains City CCL Mass reported 144.8 points, down 0.99% from week to week. CCL (small to medium units) reported 143.54 points, down 0.99% on a weekly basis. CCL Mass and CCL (small to medium units) both ended a 2-week continuous rise, and the index is still the 3rd highest in 80 weeks after the beginning of June 2024. CCL (large unit) reported 143.7 points, down 1.07% from week to week, ending a 3-week continuous rise. The index is still the fourth highest in 72 weeks after the beginning of August 2024.

Property prices in District 4 fell three times and rose by one. Hong Kong Island's CCL_Mass reported 139.4 points, down 3.65% on a weekly basis. The decline was the biggest since the beginning of March 2025 (41 weeks). After rising more than 5% in the first two weeks, the index fell this week. Kowloon's CCL_Mass reported 143.64 points, down 0.35% from week to week. The index is still the 3rd highest in 82 weeks after the end of May 2024. New Territories West CCL_Mass reported 133.1 points, down 0.34% from week to week, ending 2 weeks of continuous rise. The index is still the 3rd highest in 78 weeks after the end of June 2024. New Territories East CCL_Mass reported 159.2 points, up 0.48% on a weekly basis, up 3.78% for 6 consecutive weeks. The index hit a new high of 86 weeks after the end of April 2024.

As of the announcement date, the price index for the whole of 2025 rose sharply. CCL temporarily rose 4.30%, CCL Mass rose 4.83%, CCL (small to medium unit) rose 4.77%, CCL (large unit) rose 2.02%, Hong Kong Island rose 0.6%, Kowloon rose 7.35%, New Territories East rose 7.29%, and New Territories West rose 3.69%.