Centaline Property's research department released the latest Centaline Valuation Index (Major Banks) CVI data on May 14. After rising for two consecutive weeks, the index has returned to a level above 90 points. The latest CVI reading for this week is 90.73 points, an increase of 1.39 points from last week's 89.34 points. It has risen for two weeks consecutively, accumulating a total gain of 5.42 points. The index has remained above the 80-point level for 14 consecutive weeks and has stayed within the optimistic zone above 60 points for 32 straight weeks. Information indicates that the current Hong Kong property market remains robust, with strong sales of new developments and active secondary market transactions. Banks are competing to attract customers with mortgage incentives. Additionally, market anticipation of a meeting between the Chinese and U.S. leaders to ease trade tensions is expected to support the CVI in remaining stable above the 80-point level in the second quarter, with the upward trend in property prices expected to continue.
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