In November, the private residential price index in Hong Kong continued to decline for 7 consecutive months, reaching a new low in over six and a half years.
On December 27th, the Hong Kong Rating and Valuation Department announced that the latest private residential price index for November was 316 points, a month-on-month decrease of 1.99%. It has been declining for seven consecutive months, reaching the lowest level since February 2017 (over six and a half years ago). The index has fallen by about 5.59% in the first eleven months of this year. Among them, the price index for large residential units with a practical area of approximately 1,075 square feet or more was 282.8 points, a month-on-month decrease of 1.94%. The price index for small and medium-sized units with a practical area of approximately 1,075 square feet or less was 317.3 points, a month-on-month decrease of 1.98%. The private residential price index for November was about 20.62% lower than the historical high of 398.1 points in September 2021. The latest rental index for private residential properties in November was 186.8 points, a month-on-month increase of 0.65%. It has been rising for ten consecutive months and is the highest in nearly four years since December 2019. The rental index has increased by 6.44% in the first eleven months of this year.
Zhitong App learned that on December 27th, the Hong Kong Rating and Valuation Department announced that the latest private residential price index for November was 316 points, a month-on-month decrease of 1.99%, marking the seventh consecutive month of decline and reaching the lowest level since February 2017 (over six and a half years ago). The index has fallen by about 5.59% in the first eleven months of this year.
Among them, the price index for large residential units with a practical area of approximately 1,075 square feet or more was 282.8 points, a month-on-month decrease of 1.94%. The price index for small and medium-sized units with a practical area of approximately 1,075 square feet or less was 317.3 points, a month-on-month decrease of 1.98%.
Compared with the historical high of 398.1 points in September 2021, the private residential price index in November was about 20.62% lower.
The latest rental index for private residential properties in November was 186.8 points, a month-on-month increase of 0.65%, marking the tenth consecutive month of increase and reaching the highest level in nearly four years since December 2019. The index has risen by 6.44% in the first eleven months of this year.