Hong Kong Rating and Valuation Department: November property price index rises by 0.07% to 290.9 points, marking the second consecutive monthly increase.

Hong Kong property price index has risen for two consecutive months. The Rating and Valuation Department of Hong Kong announced that the private residential property price index in the entire city rose to 290.9 points in November this year, up by 0.07% from the previous month, marking a two-month increase, but a decrease of 7.82% compared to the same period last year. The private residential property price index for the first 11 months of this year has dropped by 6.55%. When categorized by unit types, the index for small units in Class A, B, and C saw a slight rebound, with the latest figure at 292.2 points, up by 0.068% from the previous month, but down by 7.79% compared to the same period last year, and a total decline of 6.53% for the first 11 months. The index for large units in Class D and E reported 266.2 points in November, up by 0.075% from the previous month, a decrease of 5.64% compared to the same period last year, and a total decline of 5.1% for the first 11 months. Rental index has softened once again. The Rating and Valuation Department of Hong Kong released the rental index for November, which stood at 193.1 points, down by 0.36% from the previous month, marking a two-month decline, but an increase of nearly 4.1% compared to the same period last year. The rental index for the first 11 months of this year has accumulated a rise of 3.82%.