Published:
Home prices in Hong Kong up 0.2%
Prices have been surging for 3 weeks in a row.
According to Nomura, home prices continued to rise for the third straight week. The CCL Index increased by 0.2% w-w to 119.06 and extended the YTD home price gain to 2.8%.
Here's more:
Compared with its intra-year peak of 123.66 reached in mid-March, it is 3.7% lower. The government commented that it is too early to conclude whether home prices have bottomed and it will continue to closely monitor the housing market.
Across the regions, Kowloon and NT West prices rose by 0.7% and 1.6% w-w, respectively, while HK Island and NT East prices were down by 0.1% and 0.9% w-w, respectively.
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