Hong Kong property market U.S. tower price index rose 7.33% in the Year of the Snake, marking the largest increase in nearly 8 lunar years.

The Midland Realty House Price Index reported 138.15 points today, with a final increase of 7.33% in the Year of the Snake, marking the largest increase in nearly eight lunar years since the Year of the Rooster in 2017. When divided into 3 zones, house prices in all 3 zones increased in the Year of the Snake, with the Kowloon area performing the best with an increase of approximately 9.36%, while the Hong Kong Island and New Territories areas saw increases of approximately 7.14% and 5.71% respectively. The confidence index rose by approximately 26.4% in the Year of the Snake, with a latest report of 80.4 points.