Central China Real Estate: CCL Latest Report 138.84 Points Up 0.78% Creates a New High in January

We learned from Zhongtong Financial APP that the Central China Real Estate Research Department Senior Associate Director Yang Mingyuan pointed out that the Central China City Leading Index CCL latest report is 138.84 points, up 0.78% on a weekly basis, reflecting a good market condition from July 7th to July 13th. The CCL index has risen for two weeks in total, with an increase of 1.76%, and the index has reached its highest level since January this year, creating a new high.

Yang Mingyuan stated that after the interest rate cut in May, the Hong Kong property market began to rebound, with the interest rate falling below the ceiling rate since July 2022. This has led to an increase in Hong Kong property prices, and CCL has risen by 2.72% over the past 9 weeks, exceeding the cumulative increase of 2.50% after the interest rate cut in September 2024.

The Hong Kong property market has expanded its upward trend in 2025, with CCL temporarily rising by 0.87%. The index is up 2.93% compared to March's low point of 134.89 points, up 2.19% compared to the low point of 135.86 points before the interest rate cut in September 2024, down 27.44% from the historical high point of 191.34 points in August 2021, and down 2.92% from the low point of 143.02 points before the retraction in March 2024.

Yang Mingyuan stated that on July 31st, the Federal Reserve and major Hong Kong banks maintained their interest rates unchanged, while the Hong Kong Monetary Authority accepted a total of HK$911.08 billion in Hong Kong dollars. On August 1st, the stability coin ordinance came into effect, and its impact on local secondary property prices will be reflected in the CCL index to be published in late August 2025.

The Central China Large-Scale Estate Leading Index (CCL Mass) reported 140.55 points, up 1.11% on a weekly basis. The CCL (small-scale units) report is 139.11 points, up 1.09%. Both the CCL Mass and CCL (small-scale units) have risen by 17 weeks to date, with cumulative increases of 2.05% and 2.02%, respectively, reaching a new high since August 2024.

The four districts' property prices rose three times and fell once. Kowloon's CCL Mass reported 139.46 points, up 2.38%. The New Territories West reported 127.83 points, up 1.22%. Hong Kong Island reported 138.35 points, up 0.07%, with a cumulative increase of 3.30% over the past four weeks. The New Territories East reported 152.05 points, down 0.06%, stuck above 150 points.

In 2025, the eight major property indices reported that CCL rose by 0.87%. CCL Mass rose by 1.75%. CCL (small-scale units) rose by 1.54%. CCL (large-scale units) fell by 2.44%. Hong Kong Island fell by 0.16%, Kowloon rose by 4.22%, the New Territories East rose by 2.47%, and the New Territories West fell by 0.41%.