On June 11, local Hong Kong property stocks collectively fell, with Hang Lung Properties falling more than 7%, Link Real Estate Investment Trust falling more than 4%, Swire Pacific A, Sino Land, Henderson Land, Wharf Holdings, and New World Development all falling more than 3%. On the news front, data released last Friday showed that Hong Kong property prices have fallen for six consecutive weeks. The latest Centraline City Leading Index (CCL), which reflects the trend of the secondary residential market in major large-scale residential estates, hit a new 12-week low of 143.74, down 0.03% on a weekly basis. Yang Mingyi, senior joint director of research at Centraline Property, pointed out that the CCL has fallen for six consecutive weeks, a total of 2.14%, the longest decline since the end of December last year, and is approaching the pre-cooling low of 143.02 points. After the cooling measures were announced, the CCL rose and fell five times in 12 weeks, rising by only 0.5% and almost evaporating all the gains made after the cooling measures were announced. Under the influence of the oscillating impact of the tightening mortgage and interest rate reduction expectations of banks, sales of new projects have slowed down recently and the secondary market has continued to fluctuate. It is believed that the direction of a short-term downward adjustment in property prices remains unchanged.