Hong Kong Rating and Valuation Department: Hong Kong's private home price index fell by 0.49% month-on-month in March, marking the fourth consecutive decline. Rents have risen for four consecutive months.
According to the Zhixun Finance APP, property prices in Hong Kong have been falling for 4 consecutive months, while the rental index has been rising for 4 consecutive months. Data released by the Rating and Valuation Department of Hong Kong shows that the private residential price index in March further dropped to 284.2, a decrease of 0.49% month-on-month, reaching a low of over 8 and a half years, with a year-on-year decrease of 7.76%. The private residential price index for the first quarter fell by 1.73%.
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