Occupy Central’s effect diminishes with property index hitting record high

Posted: Nov 18 2014Last Updated: Feb 11 2016
17 November 2014 - Today marks the eighth week since Occupy Central began and latest statistics indicate a diminishing influence by the movement on the property market.
According to the newest CCL index released on Nov 14, the index for all districts, except Hong Kong Island which dropped 2.78%, have recorded increases by 0.94% (Kowloon), 0.53% (East New Territories) and 2.13% (West New Territories) respectively compared to one month ago. Despite the overall CCL index showing a monthly decline of 0.11%, the latest weekly index rose by 0.22%, hitting a high point of 129.69. The CCL Mass index (Mass residential estates) and CCL (Kowloon) achieved the highest recorded in history at 130.55 and 129.37.
Lawrence Poon, Senior Lecturer of Division of Building Science and Technology, mentioned in an article in the Hong Kong Economic Times, ‘Lasting for more than a month, the situation of the movement has changed. Buyers realize its limited effect on property prices, and are still entering the market as a result.’

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