Yang Ming-yee, senior co-director of the research department at Centaline Property, pointed out that the Centaline Agent Index CSI (residential price) recently reported 49.36 points, down 1.79 points from last week's 51.15 points.
According to the Zhito Finance APP, Yang Ming-yee, senior co-director of the research department at Centaline Property, pointed out that the Centaline Agent Index CSI (residential price) recently reported 49.36 points, down 1.79 points from last week's 51.15 points. Recently, the Hong Kong stock market has been soft, with the hang seng index falling below the 20,000-point mark, coupled with a dampening of the expectations for interest rate cuts in December. The market is generally holding a wait-and-see attitude, secondary market transactions have slowed down, and the CSI has once again fallen below the 50-point threshold that divides the bullish and bearish sentiment. The index has been fluctuating around the 50-point mark for the past seven weeks, indicating a potential short-term stabilization in housing prices, but still not breaking upwards. Whether the CSI can continue to maintain the 50-point level requires close monitoring.
Yang Ming-yee indicated that the CSI (residential rent) reported 54.67 points, down 0.39 points week-on-week, marking a total decline of 1.68 points over four weeks. After the cooling measures were lifted at the end of February this year, the index stabilized above 50 points for a long time, fluctuating in the range of 50 to 60 points, indicating that residential rents continue to hover at a high level without any significant signs of decline.
In terms of shops, the CSI (shop price) reported 40.74 points, increasing 1.11 points week-on-week. The CSI (shop rent) reported 41.57 points, increasing 1.45 points week-on-week. With Christmas approaching, large shopping malls are starting to launch various activities to boost local retail consumption, which has a positive stimulating effect on the shop market. The rental and sales index has rebounded this week, fluctuating at the lower limit level of the 40-point range for the past seven weeks. This indicates a slight improvement in the market for buying and renting shops, but the upward momentum is insufficient.
In terms of industrial buildings, the CSI (industrial building price) reported 42.54 points, down 0.74 points week-on-week. The CSI (industrial building rent) reported 44.12 points, increasing 0.74 points week-on-week, marking a total increase of 1.16 points over two weeks. The rental and sales index has hovered above 40 points for ten consecutive weeks, indicating that the buying and renting conditions of industrial buildings remain stable.
Regarding office buildings, the CSI (office price) reported 33.17 points, increasing 0.96 points week-on-week. The CSI (office rent) reported 32.86 points, increasing 0.48 points week-on-week. The rental and sales index has stabilized above 30 points for nine consecutive weeks, yet it has not escaped the bearish area below 40 points, indicating that the market conditions for buying and renting office buildings continue to be under pressure, with the downward trend unchanged.