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The latest Centa-City Leading Index (CCL) gained 0.05% weekly to 129.44 pts, marking nine-week high. Mass Centa-City Leading Index (CCL Mass) was 130.78 pts, up 0.24% from a week earlier, hitting 17-week high. Centa-City Leading Index (small/medium units) was 129.02 pts, representing a week on week increase of 0.14%, the highest over the past 17 weeks. Centa-City Leading Index (large units) was 131.73 pts, representing a week on week decrease of 0.45%. Wong Leung Sing, senior associate director at research department of Centaline Property, said that CCL Mass, Centa-City Leading Index (small/medium units) and CCL saw a four-week rise, with a cumulative gain of 1.22%, 1.11% and 0.83% over the past four weeks. Since CCL Mass and CCL (small/medium units) have already breached above the near-term high level over the past three weeks and continued higher, the home prices are likely to test the high level at 135 pts.

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