In the "Hong Kong Property" Centaline Valuation Index (major banks) CVI fell to 76.05 points, declining for two consecutive weeks

Yang Ming-yi, Senior Co-Director of the Research Department at Centaline Property, pointed out that this week the CVI reported a latest figure of 76.05 points, down 3.67 points from last week's 79.72 points, marking a decline for two consecutive weeks, with a total drop of 5.42 points. The U.S. and local banks have maintained interest rates, and the CVI has not been able to stabilize at the 80-point level; however, the index has remained above 60 points for 18 consecutive weeks, indicating a positive outlook, and banks' valuation attitudes remain optimistic, suggesting that the upward trend in property prices in the short term remains unchanged. The overall market atmosphere is hot, with developers continuously launching large new projects, achieving ideal sales, and a significant increase in second-hand transaction volume.

Yang Ming-yi noted that last week, Trump announced the nomination of Waller to serve as the next chairman of the U.S. Federal Reserve, and the market expects that there may be opportunities to continue cutting interest rates after taking office. Although the current best lending rate in Hong Kong has returned to historically low levels, the recent decline in interbank rates continues, alleviating the pressure on banks' funding costs, which is beneficial for securing mortgage business. The outlook for the CVI is expected to remain stable in the positive zone in the first quarter.

The latest CCL reported 146.47 points, an increase of 8.37% from the low of 135.16 points during the week when the May 2025 H interest rate fell below the capped interest rate again. After the budget relaxed stamp duty, it rose by 8.58%, and compared to the low of 135.86 points before the interest rate cut cycle, it increased by 7.81%. Property prices are expected to rise by 4.70% for the entire year of 2025, with a temporary cumulative increase of 1.64% for 2026