According to a report, a senior research director at Centaline Property noted that the Centa-City Leading Index (CCL) has reached a new level of 160.77 points, marking a weekly increase of 0.52%. This reflects market conditions from the week of June 12 when the World Cup commenced. Property prices continue to break upward resistance, with the CCL rising for five consecutive weeks, gaining a total of 2.11% and surpassing the 160-point threshold. This represents the highest level in nearly three years, or 147 weeks, since the beginning of September 2023.

The final first-half increase in property prices for this year stands at 11.56%. This marks the largest six-month gain in eight years since the 13.20% rise in the first half of 2018. It also significantly outpaces the full-year 2025 increase of 4.70% by a substantial margin of 6.86 percentage points. However, with the Hong Kong stock market retreating, developers slowing the launch of new projects, and secondary market sellers maintaining a firm stance leading to a market stalemate, recent transaction volumes have noticeably decreased. Furthermore, potential interest rate hikes in the United States suggest that the pace of property price increases is likely to narrow.

Looking ahead, the target for the CCL in the third quarter is to test the 165-point level, requiring a further gain of just 4.23 points or 2.63% to achieve. Since the Hong Kong Interbank Offered Rate (HIBOR) began declining in May 2025, property prices have bottomed out and started to recover. This trend was further stimulated by two rounds of local interest rate cuts last year. Consequently, the CCL has accumulated an 18.95% increase from its low of 135.16 points in May of last year, which coincided with the period when HIBOR-based mortgage rates fell below their respective caps again.

Compared to the pre-Budget low of 134.89 points in March 2025, the CCL is up 19.19%. It has risen 18.34% from the pre-first-rate-cut low of 135.86 points in September 2024. The gap from the historical peak of 191.34 points in August 2021 has narrowed to a 15.98% decline.

On July 2nd, the Hang Seng Index closed above the 23,000-point mark. On the 3rd, the tender for the Hung Shui Kiu area, the first pilot site in the Northern Metropolis, closed. The "Yuet Yat‧Tin Hoi" project in Ho Man Tin launched 18 units for tender sale, while "The Pavilia Farm III" in Tai Wai offered 8 units via tender. On the 4th, "Hyde Park Phase 1" in Chai Wan launched 28 units for tender sale. The impact of these events on local secondary market prices will only begin to be reflected in the CCL data to be released in late July 2026.

Based on formal sale and purchase agreement dates and compared to the end of 2025, all eight major property price indices showed gains in the first half of 2026, with six of them rising by over 10%. The CCL accumulated an 11.56% increase, the CCL Mass rose 11.72%, the CCL (Small & Medium Units) gained 11.56%, and the CCL (Large Units) increased by 11.53%. By region, Hong Kong Island surged 17.09%, Kowloon rose 11.33%, the New Territories East increased 8.71%, and the New Territories West advanced 9.17%. The price increase on Hong Kong Island has notably outperformed the broader market.