Hong Kong Rating and Valuation Department: August Hong Kong private residential property price index rebounds to 320.5, up 10.98% year-on-year.

Hong Kong property prices rebound. Data from the Hong Kong Rating and Valuation Department shows that in August, the Hong Kong private residential property price index rebounded to 320.5, up 0.06% month-on-month and up 10.98% year-on-year. The price index for small and medium-sized units (below 100 square meters) remained flat month-on-month; the price index for larger units (100 square meters or above) rose 0.42% month-on-month. Among them, the price index for Class A properties (below 40 square meters) remained flat month-on-month; Class B properties (40 to 69.9 square meters) remained flat month-on-month; Class C properties (70 to 99.9 square meters) rose 0.16% month-on-month; Class D properties (100 to 159.9 square meters) rose 0.42% month-on-month; Class E properties (160 square meters or above) rose 0.46% month-on-month. In terms of the rental index, the private residential rental index rose to 210.3 in August, reaching a new high, up 1.64% month-on-month and up 5.26% year-on-year. In the first eight months of this year, the private residential property price index rose 6.98%; the rental index rose 4.89%.