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<HK Home>RVD: HK Jul Private Residential Property Price Index Deepens Slump to 1.9% MoM, Logging ~8Yr Low; YTD Slip 4.7%
Recommend 4 Positive 3 Negative 10 |
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Hong Kong's Private Residential Property Price Index of 296.8 for July, announced by the Rating and Valuation Department (RVD), widened to a MoM drop of 1.9%, setting an almost eight-year low since September 2016 and falling for three months in a row, and a cumulative drop of 25.4% from the record high in September 2021. On a YoY basis, the drop was 13.7%. YTD, the cumulative decline was 4.7%. Hong Kong’s Private Residential Rental Index rose by 1.1% MoM to 194.1 in July, up for five consecutive months and hitting a near five-year high since September 2019. On a YoY basis, the rise was 6.6%. In 7M24, a total hike of 4.4% was marked. AAStocks Financial News |
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