Real estate market
Written by: Kuang Yueting
2020-05-08 16:29
Date of last update: 2020-05-08 16:29Property prices in Hong Kong have stabilized. The Central Plains City Leading Index CCL reported 175.00 points, down 0.51% on a weekly basis. Huang Liangsheng, senior co-director of the Central Plains Real Estate Research Department, pointed out that property prices have successfully stopped falling, but they are still waiting to break through the rising forces. During the May 1st holiday, second-hand transactions have clearly turned strong, and the property market has launched a second round of prosperous markets. He believes that property prices will end the rampant boring situation and is expected to regain the upward trend, which will be reflected in CCL in a few weeks.
The CCL Mass leading index of large-scale housing estates in the Central Plains City reported 177.63 points, down 0.60% week-on-week. CCL (small and medium-sized units) reported 175.65 points, down 0.56% on a weekly basis. CCL (large unit) reported at 171.63 points, down 0.27% weekly.
New Territories East CCL_Mass reported 189.64 points, up 0.07% weekly; New Territories West CCL_Mass recorded 161.66 points, down 1.43% weekly; Kowloon CCL_Mass reported 173.32 points, down 0.35% weekly; Hong Kong Island CCL_Mass reported 180.54 points, down 0.62% weekly.
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Central Plains Property Market Statistics Huang Liangsheng Central Plains City Leading Index
