The Limited Times

Now you can see non-English news...

Valuation Department: Hong Kong's property price index fell 0.34% month-on-month in May

2022-06-28T02:50:14.939Z


Property prices in Hong Kong rebounded by 1% in April, ending a three-month decline in a row, but property prices turned down again in May. According to the Rating and Valuation Department, the private residential price index in May was 384.4, down 0.34% month-on-month and down 2 year-on-year


Property prices in Hong Kong rebounded by 1% in April, ending a three-month decline in a row, but property prices turned down again in May.

According to the Rating and Valuation Department, the price index of private residential properties was 384.4 in May, down 0.34% month-on-month, down 2.41% year-on-year, and down 2.4% in the first five months of this year.

The property price of small and medium-sized units fell by 0.44% month-on-month and 2.4% year-on-year; the property price of large-scale units rose for 2 consecutive months, up nearly 1.6% month-on-month, and decreased by about 2.9% year-on-year.

In addition, the Hong Kong private residential rent index in May was unchanged at 177.3 month-on-month, down about 0.6% year-on-year.

Overall rents fell by nearly 3% in the first five months.

Source: hk1

All news articles on 2022-06-28

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.