This week, all four indices, CCL, CCL Mass, CCL (small and medium-sized units) and CCL (large units), rose for two weeks, the first time since May 2022.

Reflecting the seasonal boom after Chinese New Year, secondary transactions continued to be active and property prices rose significantly.

Last week's CCL rise widened and this week's rise narrowed, with prices rising at varying rates but continuing to trend upwards.

CCL is only 5.77 points or 3.51% short of its short-term target of 170 points, which is believed to be reached before and after Easter.

The impact on Hong Kong property prices will only begin to be reflected in the CCL, which will be announced in late March, when the government lifts the muzzle order from 1 March.