Private Home Prices Soar To New Record

Monday April 30, 2018.

"); jQuery("#212 h3").html("

"); });

2018-04-30 HKT 11:40

Share this story

Local home prices have risen for the 24th month in a row. File photo: RTHK

Private home prices in Hong Kong went up by another one percent in March – setting a new high for the 17th month in a row – and the 24th consecutive monthly rise.

However, figures from the Rating and Valuation Department showed on Monday that the climb was slower than the 1.8 percent monthly increase recorded in February.

While flats smaller than 1,075 square feet were selling for one percent more than the previous month, the price of bigger units rose by only around 0.3 percent.

The overall March figure was 14.7 percent higher than a year ago.

Rents, meanwhile, went up 1.1 percent in March from the previous month and 6.4 percent from a year before.

Rents increased by 1.2 percent during the first quarter of this year.

Private Home Prices Soar To New Record

Iran Urges Washington To Accept 2-Day Proposal To End Hostilities Or Face 'Hell'

The House Moves To Impeach Hegseth. He Could Become The Trump Administration And GOP's 'Fall Guy'.

Kansas Senator-Elect And Bernie Sanders Urge Democrats To Focus On Problem-Solving Over Retribution

UK Minister Backs Data Center Expansion Despite Growing International Backlash To The Technology

Ossoff And AOC Tipped As Favorites For The 2028 Democratic Presidential Nomination At Progressive Convention

Technics EAH-AZ100 Review: When Great Sound Meets Thoughtful Softwar

Information

media coverage

follow us