Hong Kong Rating and Valuation Department: Hong Kong residential property price index rose nearly 0.9% monthly in April, marking 11 consecutive months of increase.

Hong Kong property prices have been rising for 11 consecutive months, while rents have been rising for 6 months. The Hong Kong Property Valuation Department's private residential property price index, reflecting second-hand property prices, stood at 316.6 in April, a monthly increase of 0.89%, marking 11 consecutive months of increase and a year-on-year increase of 10.51%, reaching a 30-month high since October 2023. Hong Kong property prices have risen 5.67% so far this year. Compared to the historical high of 398.1 points in September 2021, property prices in Hong Kong have fallen by approximately 20.47%. For units with a usable area of 431 square feet or below, prices have increased by 0.78% per month, while for units with a usable area of 1076 square feet or above, prices have increased by 0.25% per month. In terms of rents, the private residential rent index for April was 203.4, a monthly increase of 0.59%. This marks 6 consecutive months of increase and another record high. Rents have increased by 1.45% so far this year.