Homes Prices Fall To 15-month Low
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2022-04-27 HKT 16:07
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Private home prices in Hong Kong have slipped for a third straight month to a 15-month low.
New government figures released on Wednesday showed that March home prices edged down 0.7 percent on month, but the decline narrowed from the 1.8 percent fall recorded in February.
Large homes of more than 1,721 square feet logged a more visible drop of about two percent on month, while smaller flats were down by about 0.7 percent.
Overall, private home prices gave up 3.2 percent over the first three months of the year and were two percent lower than a year ago.
Rents, meanwhile, also continued to fall, edging down 0.6 percent from February to reach a 10-month low.
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