GO
| HSI1 | 17,444.30 | 0.00 | -- |
| HSCEI1 | 6,105.54 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
|
2024-07-26 16:03:33 The latest Centa-City Leading Index (CCL) came in at 140.81, a slight WoW dip of 0.06%. It has fallen for six straight weeks, a total of 2.57%, but the decline was the slimmest in the past six weeks. It was expected that property prices in Hong Kong will stabilize after dropping for a while. This week, the CCL hit a new low of 408 weeks, or nearly 8 years, reclaiming the level at the end of September 2016. The aggregate downfall YTD was 4.35%. The index sank 26.41% from the historical high of 191.34 in August 2021, and 1.55% from the low of 143.02 before the withdrawal of the spicy measures. Yeung Ming Yee, senior associate director at Centaline Property Research, commented that first-hand properties were under market limelight, while second-hand transactions were muted. Some owners were unwilling to sell at low prices, instead switching to leasing on rising rents, putting second-hand property prices on a seesaw. She predicted that the CCL will hover around 140 in the short term. The latest index reflected the market conditions in the week of 4 July, when the first price list for “The Pavilia Forest I” in Kai Tak was unveiled, setting a new low for the same district in more than 7 years. She expected the impact of the recent second-round sales of “The Pavilia Forest III” and the second-round sales of “Gold Coast Bay-The Uppland” in Tuen Mun on local second-hand property prices to be reflected in the CCL to be released in mid-August. ~ AAStocks Financial News Web Site: www.aastocks.com | |