The Centa-City Leading Index (CCL) reached 155.58 points, marking a weekly increase of 0.24%. The index needs to rise by just 0.42 points, or 0.27%, to achieve the target of 156 points. Property prices have accumulated a gain of 7.96% so far this year and have rebounded more than 15% from last year's low. However, with sellers significantly narrowing their price negotiation margins, recent secondary market transactions have begun to slow, which may lead to a moderation in price growth in the latter part of the second quarter.
Since May 2025, when interbank rates began to decline, property prices bottomed out and started to recover. Combined with two interest rate cuts by local banks last year, the CCL has risen by 15.11% from the low of 135.16 points recorded in May 2023, when HIBOR-based mortgage rates fell below the cap again. Compared to the pre-budget low of 134.89 points in March 2025, the CCL has increased by 15.34%. It is up 14.51% from the pre-first rate cut low of 135.86 points in September 2024 but remains 18.69% below the historical peak of 191.34 points seen in August 2021.
The CCL Mass, which tracks major housing estates, rose to 157.48 points, up 0.44% week-on-week, marking a three-week consecutive increase totaling 1.76%. The CCL for small and medium-sized units reached 155.84 points, increasing 0.46% weekly and accumulating a 3.27% gain over six straight weeks. Both the CCL Mass and the CCL for small and medium-sized units have hit their highest levels in 136 weeks, the highest since late September 2023. The CCL for large units fell to 154.24 points, down 0.89% for the week, but remains the fourth highest in 121 weeks, the highest since early January 2024.
Three out of four major districts saw price increases. The CCL Mass for New Territories West rose to 140.35 points, up 1.15% weekly, rebounding after a more than 1% drop the previous week, reaching its second-highest level in 129 weeks. The CCL Mass for Kowloon increased to 154.74 points, up 0.4% week-on-week, with a two-week cumulative gain of 1.49%, hitting a 139-week high. The CCL Mass for New Territories East rose to 171.06 points, up 0.39% weekly, with a three-week increase of 3%, reaching a 137-week high. The CCL Mass for Hong Kong Island edged down 0.08% to 159.72 points, stabilizing after two weeks of gains, remaining the second highest in 136 weeks.
Year-to-date for 2026, the CCL has increased by 7.96%, the CCL Mass by 8.47%, the CCL for small and medium-sized units by 8.13%, and the CCL for large units by 7.04%. By district, Hong Kong Island leads with a 13.96% increase, followed by Kowloon at 6.92%, New Territories East at 7.84%, and New Territories West at 5.74%.
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