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Centa-City Leading Index CCL Climbs to 165.62; Accumulates 13.2% Rise for Full Year

Centa-City Leading Index (CCL) last stood at 165.62, setting all-time high for the third week, up 0.19% weekly. The index hit five new highs in seven weeks with sharper uptrend. CCL (large units) last posted at 163.73, being the second high on record, up 0.61% from the previous week.

CCL Mass added 0.17% weekly to 167.95. CCL (small and medium units) gained 0.12% weekly to 165.99. Both CCL Mass and CCL (small and medium units) hiked for five weeks in a row, with accumulated rise of 1.98% and 1.95%.

Wong Leung Sing, senior associate director at research department of Centaline Property said Wong Chuk Hang Phase II was awarded at sky-high price while CCL Mass of Hong Kong Island marked a new high again after 16 weeks. CCL Mass of Hong Kong Island was last at 176.92, up 2.96% weekly. Property market had picked up for eight straight weeks. Wong believed that housing prices of four districts will take turn to set new highs.

As of the announcement date, for full year of 2017, CCL climbed 13.21%; CCL Mass grew 13.57%; CCL (small and medium units) advanced 13.76%; and CCL (large units) elevated 10.45%. Hong Kong Island rose 11.56%; Kowloon increased 15.26%; New Territories East gained 13.18%; and New Territories West mounted 13.82%

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