Hong Kong’s June lived-in home prices drop while rents rise as buyers await mortgage cuts

Quick Summary:

Housing rents rose while reselling prices fell, as an influx of newcomers into Hong Kong raised the demand for housing.

The home price index dropped by 1.2 per cent to 301.8 in June from a month earlier, the lowest level since the 304.3 reported by the Rating and Valuation Department in October 2016.

The rental index advanced for the fourth month, rising by 0.2 per cent to 189 in June, according to the Rating Department.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: First Rental Prices Rose Residential Housing Fell Cent Hong Kong’s June

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 12:29:45 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 635 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21817248

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