Home Prices At Two-and-a-half-year Lows
"); jQuery("#212 h3").html("
"); });
2022-08-29 HKT 12:18
Share this story
Latest government figures showed private home prices have fallen to their lowest in two-and-a-half years.
According to data from the Rating and Valuation Department, the private domestic price index in July came in at 376.1.
That's the lowest reading since February 2020.
July's figure was down from 382.4 the month before. The price of small and medium-sized homes saw a 1.7 percent drop from June, while larger flats recorded a 0.13 percent decrease.
The price index stood at 390.8 in January 2022.
Rents, meanwhile, headed north, with the private domestic rental index rising to 178.9 from 177.8 in June.
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more