Centaline City Leading Index rises 0.69% weekly, ending two-week losing streak

The Centaline City Leading Index (CCL), which reflects second-hand home prices in Hong Kong, came in at 161.2 in its latest reading, up 0.69% week on week, ending two consecutive weeks of decline, with a cumulative rise of 11.86% so far this year. The Large Estate Leading Index rose 0.7% week on week, while the Medium and Small Unit and Large Unit indices rose 0.64% and 0.94% respectively. Among the four regions, only New Territories East fell, by 0.78%. Centaline Property said several banks had launched mortgage offers and raised cash rebates, which it expected would support home prices.