The Centa-City Leading Index (CCL) now stands at 152.17 points, marking a weekly increase of 0.85%. This week witnessed a simultaneous rise across all eight major property price indices for the first time in 15 weeks since mid-December 2025. With many homeowners withdrawing listings or raising asking prices, buyers are needing to increase their offers to secure transactions. The persistent low-interest-rate environment continues to support short-term price growth. Hong Kong property prices ultimately rose 5.59% in the first quarter of this year, surpassing the full-year 2024 increase of 4.7%. The CCL is now just 3.83 points, or 2.52%, away from its 156-point target, which is expected to be reached in May. Since the Hong Kong Interbank Offered Rate (HIBOR) began falling in May 2025, reversing the downward trend in property prices, and further stimulated by two local bank rate cuts last year, the CCL has accumulated a gain of 12.59% from its low of 135.16 points in May 2025, recorded during the week when HIBOR-based mortgage rates fell below the cap again. Compared to the pre-Budget low of 134.89 points in March 2025, the CCL has risen 12.81%. It is up 12.01% from the low of 135.86 points before the first rate cut in September 2024, but remains 20.47% below the historical peak of 191.34 points reached in August 2021. The Centa-City Leading Index for Mass Housing Estates (CCL Mass) reached 153.83 points, rising 0.91% weekly. The CCL for Small and Medium-Sized Units hit 152.27 points, up 0.9% for the week. Both the CCL Mass and the CCL for Small and Medium-Sized Units have reached their highest levels in 124 weeks, since mid-November 2023. The CCL for Large Units registered at 151.65 points, increasing 0.6% weekly. This marks the fourth consecutive week of gains, totaling 1.37%, with the index reaching a 101-week high, the highest since the end of April 2024. Property prices rose across all four major districts. The CCL Mass for New Territories West rose to 139.81 points, up 1.73% weekly, the largest increase in nine weeks, reaching a 118-week high since the end of December 2023. The CCL Mass for Kowloon reached 151.13 points, increasing 0.74% weekly, marking the fourth highest level in 132 weeks since mid-September 2023. The CCL Mass for Hong Kong Island stood at 154.51 points, up 0.67% weekly. This constitutes two consecutive weeks of gains totaling 1.58%, reaching a 124-week high since mid-November 2023. The CCL Mass for New Territories East reached 165.23 points, rising 0.54% weekly. This marks four consecutive weeks of increases, totaling 4.17%, with the index hitting a 120-week high since early December 2023. Based on formal sale and purchase agreement dates and compared to the end of 2025, the CCL rose 5.59% in the first quarter of 2026. The CCL Mass increased by 5.96%, the CCL for Small and Medium-Sized Units rose 5.66%, and the CCL for Large Units grew by 5.24%. By district, Hong Kong Island saw a significant increase of 10.24%, Kowloon rose 4.42%, New Territories East increased 4.17%, and New Territories West climbed 5.33%. The price growth on Hong Kong Island has notably outperformed the broader market. This is a catch-up scenario, as the island's property prices increased by only 1.15% throughout the entirety of last year, the smallest increase among the eight major indices.