Hong Kong Home Prices Rose Again In February
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2019-03-29 HKT 11:21
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Home prices rose for the second consecutive month in February, according to the latest government figures.
The Rating and Valuation Department said the price of private flats rose 1.3 percent on the month before, and were 0.2 percent higher year-on-year.
Its index went up to 365.2 – the highest level since November last year.
For the first two months of this year, private flat prices rose 1.6 percent.
But a government index tracking average rents dropped for the fourth month in a row in February, with a month-on-month decrease of 0.2 percent. However, rents were still 2.5 percent higher year-on-year.
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