Central Plains CCL property price index fell 0.38%

Real estate market

Written by: Lin Leqian

2020-02-28 16:21

Affected by the pneumonia epidemic in Wuhan, the property market has recently been frozen, and the Central Plains City Leading Index CCL recently reported at 178.11 points, down 0.38% weekly. For the first time in the past six weeks, the four overall indexes have fallen together. Huang Liangsheng, senior co-director of the Central Plains Real Estate Research Department, pointed out that the Spring Festival is delayed until the recent emergence, and coupled with the government's introduction of fixed interest rates, the CCL announced in late March is expected to stop falling and stabilize.

The Central Plains City Large Housing Estates Leading Index CCL Mass was reported at 179.71 points, down 0.46% from the previous week. CCL (small and medium-sized units) reported at 178.05 points, down 0.45% weekly. CCL (large unit) was reported at 178.39 points, down 0.03% weekly, and down 0.4% for three consecutive weeks. After the Spring Festival, the pneumonia epidemic expanded, and the property market turnover greatly decreased. As a result, CCL and CCL_Mass also fell for two consecutive weeks, falling by 0.41% and 0.48%, respectively.

Huang Liangsheng pointed out that the recent increase in second-hand transactions in various districts has shown that the seasonal boom after the Spring Festival has been delayed. Coupled with the government ’s introduction of a fixed-rate mortgage this week to support home purchases, which is positive for property prices, property prices are expected to stop falling and stabilize in the short term. The impact on CCL will begin to be reflected in late March.

In terms of regions, only Kowloon District recorded an increase of 0.04% weekly to 176.89 points, reflecting that under the influence of the epidemic, the property prices in Kowloon still remained stable against the market. New Territories West fell 1.29% weekly to 164.03 points, Hong Kong Island fell 0.4% to 183.51 points, and New Territories East reported 186.23 points, down 0.44% weekly.

Property valuation index for two consecutive declines fell 0.18% in January, rental index fell for five months

Central Plains CCL property price index rose 0.14% weekly

Central Plains Property Statistics Central Plains City Leading Index Central Plains Real Estate Huang Liangsheng