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Zhongyuan CCL lost 160 Huang Liangsheng: If there is no good news before and after the Lunar New Year, it may be as low as 144

2022-11-25T08:38:36.347Z


The decline in property prices has not stopped. CCL, CCL Mass and CCL (small and medium-sized units), which reflect the trend of second-hand property prices in Hong Kong, all fell below 160. Huang Liangsheng, Senior Co-Director of Centaline Real Estate Research Department, pointed out that if the market does not have favorable news


The decline in property prices has not stopped. CCL, CCL Mass and CCL (small and medium-sized units), which reflect the trend of second-hand property prices in Hong Kong, all fell below 160.

Huang Liangsheng, senior co-director of Centaline Real Estate Research Department, pointed out that if there is no good news in the market, it is expected that CCL may test 144 points around the Lunar New Year early next year.

That is, compared with the high level, the cumulative decline is 16.5%.


CCL fell 6.37% in 7 weeks

Huang Liangsheng, senior co-director of Centaline Real Estate Research Department, pointed out that this week, CCL, CCL Mass and CCL (small and medium-sized units) all fell below 160 points, reflecting the market conditions in the week of interest rate hike in November.

The three major overall indexes have fallen for 7 weeks, and the decline in property prices has not stopped.

If there is no good news in the market, short-term property prices will be in contention. It is estimated that CCL will test the 144-point support level around the Chinese New Year next year, and the trend remains to be seen.

From the historical high in August 2021 (191.34 points), CCL has fallen by 16.5%.

If compared with the end of December 2021, CCL has fallen by 13.43% this year.

Central Plains pointed out that the Central Plains City Leading Index CCL was last reported at 159.76 points, returning to the level in October 2017, down 1.57% on a weekly basis.

The leading index of large housing estates in Central Plains CCL Mass reported 159.56 points, returning to the level in May 2017, down 1.58% on a weekly basis.

CCL (small and medium-sized units) reported 158.01 points, returning to the level in May 2017, down 1.56% on a weekly basis.

The three major overall indexes have fallen for 7 weeks, and the decline has expanded significantly. CCL has a cumulative decline of 6.37%, CCL Mass has a cumulative decline of 6.54%, and CCL (small and medium-sized units) has a cumulative decline of 6.5%.

CCL large unit index returns to February 18 levels

CCL (Large Units) reported 168.28 points, returning to the level in February 2018, and fell 1.64% week-on-week, the largest drop in 13 weeks, falling 3.06% for 2 consecutive weeks.

In terms of the four districts, three districts fell and one district rose, driving the overall property price trend downward.

CCL_Mass in Kowloon reported 151.71 points, returning to the level in July 2017, and fell 2.88% week-on-week, the largest drop since September 2019, falling 3.63% for 2 consecutive weeks.

New Territories West CCL_Mass reported 150.16 points, returning to the level in November 2017, down 2.56% on a weekly basis.

CCL_Mass on Hong Kong Island reported 160.51 points, returning to the level in February 2017, down 0.64% week-on-week, falling 5.09% for 2 consecutive weeks.

New Territories East CCL_Mass reported 173.62 points, returning to the level in December 2017, up 0.99% on a weekly basis.

Source: hk1

All news articles on 2022-11-25

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