The Centa-City Leading Index (CCL) stood at 160.10 points in the reading Centaline Property published on 2 October 2026, down 0.66% on the week and 1.19% on the month. Two straight weekly falls, worth 1.25% in total, have left it at its lowest since early August. Measured by formal sale and purchase dates, the index lost 0.42% over the third quarter, ending a run of four quarterly gains that began in the third quarter of 2025. For 2026 to date it remains up 11.10%. Centaline also puts the index 16.33% below its record of 191.34 points, set in August 2021.

The CCL is an estate agency's index, not an official government series. Centaline compiles it every week from transactions handled by its own group and dates each deal by its formal sale and purchase agreement. The 2 October figure covers formal contracts signed between 21 and 27 September, and Centaline says more than 85% of those deals were agreed provisionally between 7 and 13 September.

The weakness was broad. Seven of Centaline's eight sub-indices declined over the quarter. Kowloon fell furthest, by 0.74%, and New Territories East was the only riser, up 1.35%. In the latest week alone, the index for large units dropped 2.15%, its steepest weekly fall in nearly three and a half years.

Yeung Ming-yee, a senior associate director in Centaline's research department, attributes the softer resale market to buyers turning to new launches, including a low-priced project in Yau Tong, to Hong Kong shares falling below 24,000 points, and to a higher chance of another US rate rise this year. She says a climb to 165 points in the fourth quarter faces resistance and will be difficult to reach, and she forecasts that the CCL will move between 158 and 162 points. That range is Centaline's forecast, not a Realtopedia projection.

The government's own series runs about a month behind and does not yet cover September. The Rating and Valuation Department's private domestic price index for all classes stood at a provisional 320.5 (1999 = 100) in August 2026.

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Sources

Sources read 5 October 2026.