Home Prices Edge Down For A Second Straight Month
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2021-11-26 HKT 11:46
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Government data shows private home prices in October slipped 0.9 percent from September, when they dropped marginally on a month-on-month basis. But compared to a year ago, prices were still up more than three percent.
Flats under 1,075 square feet fell the most, down nearly 0.9 percent from September, while prices for homes bigger than that size were less than a tenth of a percent lower.
Revised figures for the previous two months show that home prices peaked in August, instead of July.
October saw rents snap a seven-month rising streak, slipping 0.3 percent from the previous month.
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