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<HK Home>CCL Last Prints at 146.35, Up 1.01% WoW
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The Centa-City Leading Index (CCL) went up 1.01% week-on-week to 146.35. Yeung Ming Yee, senior associate director at Centaline Property Research, said that the data reflected the market situation during the Easter holiday and in the week when Blue Coast in Wong Chuk Hang had its first price list unveiled. New residential projects reduced prices consecutively to lure customers, while second-hand owners did not have much bargain room. The CCL dropped last week and rose this week, and Yeung foresaw the short-term trend of property prices remained fickle. The CCL was estimated to continue to fluctuate between 145 and 150, with no obvious upward or downward signals for the time being. Although the CCL was above the trough of 143.02 before the withdrawal of spicy measures, it was still at an over-7-year low, enduring at the level at the end of January 2017. The index sank 23.51% from its all-time high of 191.34 as set in August 2021, or down 13.09% from its peak of 168.40 as set in April 2023. The latest CCL grossed decline of 0.58% YTD. It was 3.65 pts or 2.49% away from the target of 150. On 17 April, Onmantin Phase IIB in Ho Man Tin unveiled its first price list of 115 units; later, some large local banks pared back the cash rebate of the second-hand and non-collateralized property mortgages to zero and tightened the mortgage approval; and on 20 April, the first round of sale of 168 units of Park Seasons in Tseung Kwan O kicked off. The impact of these incidents on local second-hand property prices will not be reflected in the CCL until the next reading is announced in early May. AAStocks Financial News |
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