Home prices decrease by 0.06% w/w

CCL index also fell.

It has been observed that Hong Kong home prices softened by 0.06% w/w, based on data published as of November 24.

According to a research note from Barclays, although the headline drop is small, this is masking a divergent performance between the large sized units and the small/medium sized units.

Also, the report noted that the CCL (Large) index fell 2.02% w/w while the CCL (Small/Medium) Index rose by 0.28%.

Here's more from Barclays:

The divergent performance is also evident in the year-to-date data which shows the CCL (Large) only up by 1.2% compared to the CCL (Small/Medium) up 10.3%.

Across the territories, home prices were generally up except for the New Territories West area which fell 0.3% w/w.

Weekly home price gains were strongest on Hong Kong Island (+0.6% w/w), followed by Kowloon (+0.5% w/w) and New Territories East (+0.3% w/w).