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Hong Kong private home price index edges up 0.06% MoM in August, up 10.98% YoY
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According to data from the Hong Kong Rating and Valuation Department, the private residential property price index in Hong Kong rebounded to 320.5 in August 2024. This represents a month-on-month increase of 0.06% and a significant year-on-year increase of 10.98%. The index for small and medium-sized units (under 100 square meters) remained flat month-on-month, while the index for larger units (100 square meters or above) rose by 0.42%. Breaking down by class, prices for Class A (under 40 sqm) and Class B (40-69.9 sqm) properties were unchanged, Class C (70-99.9 sqm) rose 0.16%, Class D (100-159.9 sqm) rose 0.42%, and Class E (160 sqm or above) rose 0.46%. In the rental market, the private residential rental index climbed to a new record high of 210.3 in August, up 1.64% month-on-month and 5.26% year-on-year. For the first eight months of 2024, the private residential price index has increased by 6.98%, while the rental index has risen by 4.89%.
Source report
According to data from the Hong Kong Rating and Valuation Department, the city's private residential property price index rebounded to 320.5 in August, representing a month-on-month increase of 0.06% and a year-on-year rise of 10.98%.
Price Trends by Property Size
- Small to medium-sized units (under 100 sq m): The price index remained flat month-on-month.
- Larger units (100 sq m or above): The price index rose by 0.42% month-on-month.
Detailed Breakdown by Property Class
| Property Class | Size Range | Month-on-Month Change | |----------------|------------|------------------------| | Class A | Under 40 sq m | Flat | | Class B | 40 – 69.9 sq m | Flat | | Class C | 70 – 99.9 sq m | +0.16% | | Class D | 100 – 159.9 sq m | +0.42% | | Class E | 160 sq m or above | +0.46% |
Rental Index Hits New High
The private residential rental index rose to 210.3 in August, setting a new record. This marks a month-on-month increase of 1.64% and a year-on-year increase of 5.26%.
Year-to-Date Performance (First 8 Months)
- Private residential property price index: +6.98%
- Rental index: +4.89%
Source
智通财经网Regional