Furthermore, in February of this year, the private home rent index was reported at 185.3 points, down about 0.12% month-on-month. It has been falling for two consecutive months, falling 0.32%.
The Zhitong Finance App learned that residential property prices in Hong Kong continued to fall. On March 26, provisional data released by the Hong Kong Rating and Property Valuation Department showed that in February 2024, the Hong Kong Private Residential Sales Price Index reported 302.5 points, falling by about 1.69% month on month. It has been falling continuously for 10 months and has been falling by about 14.6%. It continues to be the longest decline in more than 20 years, and the index is the lowest in more than 7 years since September 2016. The first two months of this year have also declined by about 2.89%.
Last month, Hong Kong's private home sales price index was about 24% lower than its historical high of 398.1 points in September 2021.
Furthermore, Hong Kong's private home rent index for February this year was 185.3 points, down about 0.12% month-on-month. It has been falling for two consecutive months, falling 0.32%.