Home Prices Slip To Seven-month Low
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2021-12-29 HKT 12:24
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Private home prices have fallen for a second consecutive month to their lowest level since April.
New government indices show that private flat prices in November fell 1.2 percent month-on-month, widening from the 0.5 percent drop recorded in October.
But on year, prices were still 2.9 percent higher.
Large homes of more than 1,076 square feet slipped 2.3 percent month-on-month, while prices of smaller flats were down 1.2 percent.
Rents, meanwhile, edged down 0.7 percent on month but were up nearly two percent compared to a year ago.
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