Published:
Hong Kong homes are now more than 20% pricier than last year
The CCL Home Price Index rose another 1.5% week-on-week.
According to Nomura, the CCL Home Price Index rose another 1.5% w-w to 116.07 last week. YTD, home prices are now up 21.6%.
That said, the effects of the 15% Buyer Stamp Duty (BSD) should start to be reflected soon and we expect the CCL index should begin pulling back in the coming weeks, it warns.
Across the territories, Kowloon (+2.64% w-w) and New Territories East (+2.68% w-w) rose the most. New Territories West also rose by 1.33% w-w but prices on HK Island fell by 0.66% w-w.
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