Latest Search
Quote
| Back Zoom + Zoom - Top | ||||
|
<HK Home>CCL Elevates 0.37% WoW
Recommend 8 Positive 8 Negative 11 |
||||
|
||||
|
The Centa-City Leading Index (CCL) last printed at 138.68, up 0.37% WoW. Yeung Ming Yee, Senior Associate Director of Centaline's Research Department, said the data reflected the rebound of global stock markets after the sharp fall and the market situation in the week when "FINNIE" in Quarry Bay announced its first price list. With the expectation of interest rate cuts rising, the market is not focusing on new flats, and buyers are taking advantage of the low price to buy second-hand flats. Second-hand transactions thus slightly increased. The CCL has been hovering between 138 and 139 for the past 4 weeks, and remains at the 8-year low. The index stabilised this week, ending the 4-week losing streak, but property prices are still trending downwards in the short term, as many new developments are scheduled to be put up for sale, which will take away some of the purchasing power from the second-hand market. Currently, the CCL is only 2.68 points or 1.93% short of the end-September target of 136. This week's CCL is still the 3rd lowest in the last 8 years (414 weeks), returning to the level at end-September 2016, with a cumulative decline of 5.79% this year. The index has crashed 27.52% from its August 2021 record high of 191.34, and plunged 3.03% from its low of 143.02 in March 2024 right before the withdrawal of spicy measures. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
