Although the United States raised interest rates by half a percentage point on December 15 last year, and HSBC in Hong Kong also raised P interest rates by 0.25%, the Centaline City Leading Index CCL, which reflects the second-hand property prices in Hong Kong, was last at 157.22 points, up 0.29% on a weekly basis, a consecutive rise For the first time in seven months since the beginning of May last year, it rose 0.54% in two weeks, getting rid of the previous losing streak. Huang Liangsheng, senior co-director of Centaline Real Estate Research Department, pointed out that benefited from the slowdown in the rate hike in the United States and the imminent return of customs clearance, the atmosphere in the property market has improved, and the transaction volume has also increased, indicating that citizens are rushing into the market. Looking forward to the successful bottoming of CCL after the Spring Festival, property prices are expected to stabilize in the short term. ◆reporter Liang Yueqin
Huang Liangsheng pointed out that the latest CCL index reflects the market conditions of the week when the U.S. raised interest rates by half a percentage point on December 15 last year, and the index continues to be at the level of May 2017. In the past 4 weeks, CCL has three rises and one fall, and has fallen by 0.29%, entering the stage of repeated bottoming. CCL fell 17.83% from its historical high of 191.34 points. The six major CCL indexes have risen for two weeks, and property prices are showing signs of bottoming out. On January 5, the government announced that the first phase of customs clearance with the mainland will be implemented on January 8, and the impact on local property prices will be 2 The CCL announced in the first ten days of the month began to reflect.
Small and medium unit index continues to rise
In addition, the leading index of large housing estates in Central Plains CCL Mass was last reported at 157.12 points, a weekly increase of 0.52%, and a total of 0.83% for 2 consecutive weeks. CCL (small and medium-sized units) closed at 155.38 points, up 0.41% on a weekly basis, and rose 0.66% for 2 consecutive weeks. Both also remained at April 2017 levels. CCL (large unit) reported 166.20 points, down 0.28% on the week, at the level of February 2018.
In terms of various districts, CCL Mass on Hong Kong Island reported 156.57 points, up 0.43% week-on-week, and rose 0.62% for 2 consecutive weeks, which was at the level in January 2017. Kowloon reported 152.30 points, up 1.01% on a week-to-week basis, rising 1.64% for 2 consecutive weeks, at the level of July 2017. The New Territories East reported 171.43 points, up 0.84% on a weekly basis, and a total of 2.14% for 2 consecutive weeks, at the level of December 2017. As for New Territories West, it fell 0.32% on a weekly basis to 144.96 points, returning to the level in September 2017, and fell 1.14% for 3 consecutive weeks.
It is good to make an appointment for property viewing on weekends
Driven by the news that customs clearance in the two places has resumed, property inspections are also obviously active. Centaline Real Estate's top ten housing estates recorded 500 appointments this weekend, a 24-week high, up 3.7% week-on-week. Another agency, Midland Realty, according to the branch of the bank, recorded about 539 appointments for 15 index housing estates this weekend, an increase of about 3.9% from last weekend, and an increase of 7 weeks in a row. Bu Shaoming, Chief Executive Officer (Hong Kong and Macau) of the Residential Department of Midland Realty, said that since the news of customs clearance, many investors and users have accelerated their entry into the market, and some owners have also narrowed their discussions.
