Real estate market
Written by: Lin Leqian
2020-07-03 16:27Date of last update: 2020-07-03 16:27
The National Security Law of Minato District was released, and property prices softened. The Central Plains City Leading Index (CCL), which reflects the trend of second-hand property prices, recently reported 178.48 points, down 1.46% week-on-week. Huang Liangsheng, senior co-director of the Central Plains Real Estate Research Department, pointed out that CCL softened after two consecutive weeks, and the decline was obvious, reflecting the market's general concern that social events may escalate, and some small owners took advantage of high property prices to sell.
Huang Liangsheng continued to point out that in the past 4 weeks, the four CCL overall indexes have both risen and dropped in two weeks, and property prices have changed from rising to rising repeatedly, and the short-term volatility has expanded. Looking forward, the trend of CCL will continue to go up and down. The target for CCL to rise is still 190 points, which is expected to be reached this autumn.
In terms of other indexes, CCL Mass reported 181.73 points for large housing estates, which dropped 1.75% week-to-week; CCL for small and medium-sized units fell 1.65% week-by-week, and CCL for large-scale units fell 0.4% week-by-week. The index also softened after rising for two consecutive weeks, and has not yet fallen below the previous level.
In terms of zoning, Hong Kong Island fell 2.08% weekly; Kowloon District fell 1.27% weekly; New Territories East fell 2.23% weekly; New Territories West fell 1.71% weekly.
Centaline CCL rose 0.21% on a weekly basis Huang Liangsheng expects property prices to rise repeatedly in the future
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