The Zhitong Finance App learned that Yang Mingyi, senior co-director of the Central Plains Real Estate Research Department, pointed out that the latest CCL report of the Central Plains City Leading Index was 159.92 points, down 0.39% from week to week. This week, the price index fell seven times higher. This is the first time since the beginning of March this year for 21 weeks (more than 5 months), yet CCL is still the fourth highest in 151 weeks (nearly 3 years) after the beginning of September 2023. The conflict between the US and Iran is heating up, oil prices have risen sharply again, and the market is worried about the Fed's interest rate hike. In addition, property prices have risen by 10% this year. Buyers are turning wait-and-see, slowing down the pace of entry into the market. CCL has been rampant at around 160 points for 7 consecutive weeks.
However, banks raised their mortgage cash rebates. Coupled with the recent recovery in Hong Kong stocks, the Hang Seng Index hit a new high in the past two months. The US kept interest rates unchanged, which is beneficial to support property prices, but it is expected to continue to consolidate at a high level in the short term. CCL's goal for the third quarter is 165 points (that is, the level before the first price list was announced at Yau Tong Qinhai Station II in early August 2023). The current difference is 5.08 points or 3.18%.
Since the fall in interest rates in May 2025, property prices have bottomed out and rebounded. Coupled with the stimulus of two interest rate cuts by local banks last year, CCL's H interest rate margin was once again lower than the low of 135.16 points in May last year, which was a cumulative increase of 18.32% compared to the low of 135.16 points in the week the interest rate was capped. CCL rose 18.56% from the low of 134.89 points before the March 2025 financial plan, 17.71% higher than the 135.86 point low before the first interest rate cut in September 2024, and down 16.42% from the historical high of 191.34 points in August 2021.