The trend continues to be weak. Hong Kong Rating and Valuation Department: The residential property price index fell by 1.57% month-on-month in January, falling for nine consecutive months.

Residential prices in Hong Kong continue to decline. Data released by the Rating and Valuation Department on February 27th showed that the private residential price index for January this year was 306.4, down approximately 1.57% compared to December last year's 311.3. This marks the ninth consecutive month of decline, with a total decline of about 13.5%. At the same time, it reached a record low for the first time in over 7 years since recording 304.3 in October 2016. The latest index is compared to the historical high of 398.1 in September 2021, a decrease of about 23.03%. In addition, the data shows that the private residential rental index for January in Hong Kong was 185.5, a decrease of approximately 0.27% compared to the previous month, marking the first decline since January 2023. The price index for two types of unit sizes in January, with larger residential units with a practical area of approximately 1075 square feet or more seeing a larger decrease. The index for these units is now at 274.7 points (279.2 points in December last year), down approximately 1.61% compared to the previous month. This index has been declining since May last year, with nine consecutive months of decline and a total decline of about 12.6%. As for the index for smaller units with a practical area of approximately 1075 square feet or less, it is now at 307.8 points (312.7 points in December last year), down about 1.57% compared to the previous month, also marking the ninth consecutive month of decline with a total decline of about 13.47%.