Hong Kong home prices up 0.6% w/w to 118.86
YTD drop is down to -0.2%.
According to Barclays, the Centa-City Leading Index of Hong Kong home prices continued to rise, up 0.6% w/w to 118.86 last week and reducing the year-to-date decline to only -0.2%.
Here's more from Barclays:
Compared with the peak reading of 123.66 recorded in March 2013, the CCL Index is 3.9% lower.
Across the regions, home price performance was divergent. Kowloon and New Territories East rose 2.2% and 0.5% w/w, while Hong Kong Island fell 0.6% w/w. Home prices in New Territories West remained largely unchanged.