Core Viewpoint - The latest CVI has risen to 59.79 points, marking a significant increase of 2.10 points from last week and a total rise of 23.60 points over the past seven weeks, reaching the highest level since May 2024 when banks tightened mortgage lending [1][3]. Group 1: Market Trends - The CVI has successfully crossed two critical thresholds in the past seven weeks, approaching the upper limit of the 60-point boundary, indicating a potential recovery in the Hong Kong property market [3]. - The increase in new property sales and a significant drop in interbank rates have contributed to a positive shift in bank mortgage attitudes, suggesting a stabilization in property prices in the short term [3]. Group 2: Property Valuation Insights - The latest CCL stands at 136.13 points, with a projected decline of 1.10% in property prices for the first half of 2025 [3]. - Among 143 CCL component estates, 90 (62.9%) have seen a decrease in valuations, with the highest drop rates observed in the Hong Kong Island region [3][4]. - The number of estates with valuation declines exceeding 3% totals 38, accounting for 42.2% of the declining estates [4]. Group 3: Specific Property Performance - In the first half of this year, 10 estates in New Territories West experienced valuation drops over 3%, while Hong Kong Island, New Territories East, and Kowloon had 7, 6, and 4 estates respectively [4]. - The top five estates with the highest valuation drops include specific units in various locations, with declines ranging from 8.09% to 9.31% [4]. - Conversely, 39 CCL component estates have seen valuation increases of over 1%, with notable gains in Kowloon and specific estates in Hong Kong Island [5].