Home prices rose 1.78% year-to-date

CCL Index rose by only 0.02%, though.

Home prices remained flattish last week with the Centa-City Leading Index rising by 0.02% w/w to 121.19.

According to a research note from Barclays, this took the cumulative year-to-date gain to 1.78%. The report noted that, currently, Hong Kong home prices are only 2.00% below the all-time high of 123.66 that was set in March 2013 and 3.42% higher than the intra-year low of 117.18 in March 2014.

Barclays also said that, looking across the districts, Kowloon and New Territories East saw home prices increase with 0.78% and 0.88% w/w gains, while home prices remained largely unchanged in New Territories West (+0.02% w/w).

Meanwhile, the report also said that Hong Kong Island was the only district with home prices down 0.47% w/w.