The Zhongyuan Hong Kong CSI Residential Price Index latest report shows 68.98 points, stabilizing for 32 consecutive weeks, indicating a positive outlook for the district.

Viewpoint Network News: On April 8th, Yang Mingyi, Senior Co-Chairman of the Centaline Property Research Department, pointed out that the Centaline Agent Index CSI( Residential Selling Price) is currently at 68.98 points, down 1.43 points from last week’s 70.41 points, with the index continuing to hover at a high level.

According to reports, although the Easter holiday travel caused a slight softening in the CSI, the market activity during the holiday remained lively, with large new developments selling 90% of units in the second round of sales, and the transaction volume in the top ten estates maintaining double-digit levels for four consecutive weeks.

At the same time, the Hang Seng Index has risen back above 25,000 points, and the one-month interbank rate has repeatedly hovered around 2%, with the stock market warming up supported by low interest rates, boosting buyer confidence.

Data shows that the CSI( Residential Selling Price) index has remained above 55 points for 32 consecutive weeks, indicating a steady upward trend in housing prices.

Additionally, the CSI( Residential Rent) index stands at 67.21 points, down 1.14 points week-on-week, and has remained above 60 points for 22 consecutive weeks, suggesting that residential rents are likely to continue to stay high and narrow in range.

Disclaimer: The content and data of this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.