The Centaline City Leading Index CCL, which reflects second-hand property prices, fell through 160 points this week, down 1.57% week-on-week to 159.76 points, back to the level of October 2017, the seventh consecutive week of decline. ccl has fallen a cumulative 13.43% this year.

Centaline analysis, if the market does not have good news support, CCL is expected to test 144 points support around next spring, which is 9.86% lower than now.

Centaline Property Research senior co-director Wong Leung-sing pointed out that this week, CCL, CCL Mass and CCL fell below 160 points, is a reflection of the November 3 Federal Reserve interest rate hike of 0.75% and HSBC raised the prime rate of 0.25% when the week of market conditions.

The three overall indices have all fallen for 7 weeks, and property prices have not stopped falling.

If the market does not have good news can make short-term property prices appear to hold, it is estimated that around next year's New Year CCL will again test the 144-point support level, the trend remains to be seen.

From the historical high in August 2021 (191.34 points), CCL has dropped 16.5%. If compared with the bottom of 2021 12, CCL this year, a cumulative decline of 13.43%.

Four districts property prices three down and one up, Kowloon property price index reported 151.71 points, back to the level of July 2017, down 2.88% by week, the largest decline since September 2019, down 2 weeks in a row a total of 3.63%.

New Territories West Property Price Index was at 150.16 points, back to the November 2017 level, down 2.56% week-on-week. Hong Kong Island Property Price Index was at 160.51 points, back to the February 2017 level, down 0.64% week-on-week and down a total of 5.09% for 2 consecutive weeks.

New Territories East Property Price Index is at 173.62 points, back to December 2017 level, up 0.99% week-on-week.

The number of second-hand properties increased, and the number of properties viewed by different agencies rebounded.

Ricacorp real estate research department director Chen Haichao said, the United States inflation slightly moderate, is expected to end of the year interest rate hikes will not be a significant upward adjustment, coupled with the owners in the downturn in the market attitude began to soften the willingness to lower the sale price, the bank this weekend, the second-hand indicator housing appointments to see the amount of slowly rising.

According to the data of the research department, a total of 1,220 groups of customers booked appointments to view properties in 50 target estates in Hong Kong over the weekend, up 1.7% week-on-week, for two consecutive weeks.

According to the statistics of Midland Realty branch, another agency, the number of bookings for 15 target estates recorded about 452 units this weekend (26-27), an increase of about 4.1% compared with last weekend.

Midland Property Residential Division Chief Executive Officer (Hong Kong and Macau) Bu Shao Ming said that if the wind reduction continues to attract the release of purchasing power, secondary transactions or a slight rebound.