According to Zhituo Finance APP, this week the Central Plains Valuation Index (major Banks) CVI latest reported at 50.35 points, a decrease of 3.85 points from last week's 54.20 points. Yang Mingyi, Senior Co-Director of the Research Department of Central Plains Real Estate, pointed out that after two consecutive weeks of increase, CVI fell in a single week but has remained above the 50-point dividing line for three consecutive weeks, indicating a continued stalemate in Hong Kong's property prices. With the Christmas holiday approaching, trading has slightly slowed down. Last week, major local banks in Hong Kong followed the USA's interest rate cuts, which helped ease mortgage burdens, providing positive support for the property market. Banks are expected to adopt a more positive stance on mortgage valuations in early next year.

After the Hong Kong government fully lifted restrictions by the end of February 2024, property transaction Volume rebounded, CVI had a Bottom Rebound, and the CCL stopped falling and stabilized from a low of 143.02 points. The CVI rose for nine consecutive weeks from 14.49 points, reaching 73.73 points, and remained above 60 points for six consecutive weeks. The CCL escaped the low point and hovered between 144 points and 148 points. However, subsequently, the CVI fell into the Range between 40 points and 60 points, hindering upward momentum for property prices. In early June, the CVI further broke below 40 points, reflecting that the property market entered an adjustment phase. During the same period, property prices continued to adjust downward, evaporating all gains after the removal of restrictions. Following the interest rate cut cycle that began in September and the policy report in October, the CVI steadily rose, surpassing the important thresholds of 40 points and 50 points, with property prices stabilizing repeatedly during the same period. The latest CCL reported at 138.16 points, a rise of 1.69% from the low of 135.86 points before the interest rate cut, with property prices accumulating a temporary decrease of 6.15% this year.